Thompson Investment Management Inc. Acquires 339 Shares of Tyson Foods, Inc. (NYSE:TSN)

Thompson Investment Management Inc. grew its position in Tyson Foods, Inc. (NYSE:TSN) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,495 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Thompson Investment Management Inc.’s holdings in Tyson Foods were worth $5,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TSN. Envestnet Portfolio Solutions Inc. acquired a new stake in Tyson Foods during the third quarter worth $347,000. LPL Financial LLC boosted its stake in Tyson Foods by 1.8% during the third quarter. LPL Financial LLC now owns 261,503 shares of the company’s stock worth $13,203,000 after buying an additional 4,510 shares in the last quarter. Stifel Financial Corp boosted its stake in Tyson Foods by 18.9% during the third quarter. Stifel Financial Corp now owns 250,378 shares of the company’s stock worth $12,642,000 after buying an additional 39,815 shares in the last quarter. Federated Hermes Inc. boosted its stake in Tyson Foods by 9.0% during the third quarter. Federated Hermes Inc. now owns 12,560 shares of the company’s stock worth $634,000 after buying an additional 1,032 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Tyson Foods by 2.6% in the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after buying an additional 134,778 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN traded down $0.29 during midday trading on Wednesday, hitting $56.84. 344,793 shares of the stock were exchanged, compared to its average volume of 2,760,167. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of -32.03, a P/E/G ratio of 0.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The business’s 50-day moving average price is $58.50 and its 200 day moving average price is $56.13. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Analysts predict that Tyson Foods, Inc. will post 2.58 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.45%. Tyson Foods’s payout ratio is currently -110.11%.

Analyst Ratings Changes

TSN has been the subject of several research reports. Piper Sandler raised their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group raised their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.22.

Tyson Foods Company 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.