Tyson Foods, Inc. $TSN Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,848 shares of the company’s stock after acquiring an additional 9,487 shares during the period. Cibc World Market Inc.’s holdings in Tyson Foods were worth $2,395,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. IFP Advisors Inc increased its position in shares of Tyson Foods by 10.3% in the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after acquiring an additional 157 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 179 shares in the last quarter. Matrix Trust Co increased its position in shares of Tyson Foods by 28.8% in the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after acquiring an additional 183 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the period. Finally, New Mexico Educational Retirement Board grew its holdings in Tyson Foods by 1.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 13,165 shares of the company’s stock valued at $772,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.1%

NYSE TSN opened at $56.35 on Wednesday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company has a 50-day simple moving average of $64.15 and a 200-day simple moving average of $61.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm has a market capitalization of $19.84 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods, Inc. will post 4.14 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. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. Tyson Foods’s payout ratio is 160.63%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSN. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Mizuho began coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.27.

About Tyson Foods

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.