Tyson Foods, Inc. (NYSE:TSN) Stake Raised by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,411 shares of the company’s stock after acquiring an additional 3,297 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Tyson Foods were worth $2,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Riverview Trust Co lifted its holdings in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Ossiam increased its stake in shares of Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after acquiring an additional 184 shares during the period. Finally, TCTC Holdings LLC raised its holdings in Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.7 %

NYSE TSN opened at $60.81 on Tuesday. The firm’s 50 day moving average price is $60.45 and its two-hundred day moving average price is $59.66. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSN. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.78.

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.