Barings LLC Makes New $1.85 Million Investment in Tyson Foods, Inc. (NYSE:TSN)

Barings LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 32,196 shares of the company’s stock, valued at approximately $1,849,000.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Tyson Foods by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after acquiring an additional 98,799 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSN has been the subject of several analyst reports. HSBC raised shares of Tyson Foods from a “reduce” 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 for the company 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. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Stephens raised their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

NYSE:TSN opened at $61.30 on Friday. Tyson Foods, Inc. has a one year low of $53.59 and a one year high of $66.88. The company has a market cap of $21.84 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.74 and a beta of 0.72. The firm’s fifty day moving average price is $57.74 and its two-hundred day moving average price is $59.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods’s payout ratio is presently 67.57%.

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.