SG Americas Securities LLC Acquires 439,137 Shares of Tyson Foods, Inc. $TSN

SG Americas Securities LLC raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 564.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,967 shares of the company’s stock after purchasing an additional 439,137 shares during the period. SG Americas Securities LLC owned approximately 0.15% of Tyson Foods worth $30,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $246,055,000. AQR Capital Management LLC grew its position in Tyson Foods by 76.1% during the second quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after buying an additional 2,164,160 shares in the last quarter. Invesco Ltd. increased its stake in Tyson Foods by 36.0% during the 2nd quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after acquiring an additional 1,550,812 shares during the period. Two Sigma Investments LP raised its holdings in Tyson Foods by 877.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock valued at $74,574,000 after acquiring an additional 1,232,835 shares in the last quarter. Finally, Davis Selected Advisers raised its holdings in Tyson Foods by 11.2% in the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company’s stock valued at $540,943,000 after acquiring an additional 1,005,661 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $61.44 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41. The stock has a market capitalization of $21.63 billion, a P/E ratio of 109.71, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47. The stock has a fifty day moving average of $62.67 and a 200-day moving average of $57.85.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analyst Weigh In

TSN has been the topic of several analyst reports. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday. Piper Sandler raised their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.09.

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.