Intact Investment Management Inc. Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Intact Investment Management Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,700 shares of the company’s stock after selling 300 shares during the quarter. Intact Investment Management Inc.’s holdings in Tyson Foods were worth $155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Atria Investments Inc increased its holdings in Tyson Foods by 37.8% in the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after acquiring an additional 3,782 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Tyson Foods in the 3rd quarter worth $339,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Tyson Foods by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock worth $44,083,000 after acquiring an additional 4,962 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Tyson Foods by 43.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock worth $897,000 after purchasing an additional 4,548 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Tyson Foods by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock worth $2,481,000 after purchasing an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.2 %

NYSE TSN opened at $59.87 on Friday. The firm’s 50-day moving average is $58.04 and its two-hundred day moving average is $59.88. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market capitalization of $21.33 billion, a P/E ratio of 20.23, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Tyson Foods’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Ratings Changes

Several brokerages have issued reports on TSN. Stephens lifted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods 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.