Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 46.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,093 shares of the company’s stock after buying an additional 8,559 shares during the period. Mizuho Securities USA LLC’s holdings in Tyson Foods were worth $1,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSN. Prospera Financial Services Inc grew its stake in Tyson Foods by 11.7% during the 3rd quarter. Prospera Financial Services Inc now owns 4,298 shares of the company’s stock valued at $256,000 after acquiring an additional 451 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after acquiring an additional 189 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Tyson Foods in the third quarter valued at approximately $3,157,000. Citigroup Inc. raised its holdings in Tyson Foods by 9.3% in the 3rd quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock worth $18,476,000 after acquiring an additional 26,352 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Tyson Foods by 20.6% in the third quarter. Cerity Partners LLC now owns 19,449 shares of the company’s stock worth $1,158,000 after purchasing an additional 3,320 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays cut their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Finally, UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Trading Down 0.7 %

Shares of Tyson Foods stock opened at $59.93 on Wednesday. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The stock has a market capitalization of $21.35 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a 50-day simple moving average of $58.74 and a 200 day simple moving average of $59.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

About Tyson Foods

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.