CIBC Asset Management Inc Buys 1,884 Shares of Tyson Foods, Inc. (NYSE:TSN)

CIBC Asset Management Inc lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,545 shares of the company’s stock after acquiring an additional 1,884 shares during the quarter. CIBC Asset Management Inc’s holdings in Tyson Foods were worth $2,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. State Street Corp increased its stake in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC grew its position in Tyson Foods by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after buying an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Tyson Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after acquiring an additional 39,252 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Tyson Foods by 6.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock valued at $69,442,000 after buying an additional 73,764 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE TSN opened at $60.43 on Friday. Tyson Foods, Inc. has a 52-week low of $52.11 and a 52-week high of $66.88. The firm’s 50 day moving average price is $57.22 and its 200-day moving average price is $60.05. The company has a market cap of $21.52 billion, a PE ratio of 20.41, a P/E/G ratio of 0.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.31%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Ratings Changes

TSN has been the subject of a number of recent analyst reports. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Finally, UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.