iA Global Asset Management Inc. Purchases 3,354 Shares of Tyson Foods, Inc. (NYSE:TSN)

iA Global Asset Management Inc. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.8% in the first quarter, Holdings Channel.com reports. The firm owned 24,635 shares of the company’s stock after acquiring an additional 3,354 shares during the period. iA Global Asset Management Inc.’s holdings in Tyson Foods were worth $1,447,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC lifted its position in Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Wellington Management Group LLP lifted its position in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after acquiring an additional 606,518 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after acquiring an additional 49,540 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after acquiring an additional 2,920,479 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.0 %

TSN traded up $0.02 during trading on Friday, hitting $60.78. 1,080,825 shares of the stock traded hands, compared to its average volume of 2,549,171. The business has a 50 day moving average price of $57.52 and a 200 day moving average price of $57.09. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Tyson Foods’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.61 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid 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 3.22%. Tyson Foods’s dividend payout ratio is -110.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSN shares. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Piper Sandler lifted their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

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.