SG Trading Solutions LLC Purchases New Shares in Tyson Foods, Inc. $TSN

SG Trading Solutions LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,685 shares of the company’s stock, valued at approximately $1,271,000.

A number of other hedge funds have also recently made changes to their positions in TSN. JPMorgan Chase & Co. lifted its holdings in shares of Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after buying an additional 795,710 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Tyson Foods by 306.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after acquiring an additional 36,197 shares during the period. AIA Group Ltd increased its position in Tyson Foods by 78.8% during the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock valued at $2,780,000 after acquiring an additional 22,571 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in Tyson Foods by 111.6% in the third quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after acquiring an additional 204,482 shares during the period. Finally, Perbak Capital Partners LLP bought a new position in Tyson Foods in the third quarter valued at about $1,255,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 1.3%

Tyson Foods stock opened at $55.48 on Friday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.13 and a beta of 0.38. The firm has a 50 day moving average of $63.05 and a 200 day moving average of $61.83. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 4.2 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Stephens raised their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Mizuho assumed coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.09.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.