nVerses Capital LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

nVerses Capital LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 56.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the company’s stock after purchasing an additional 7,200 shares during the quarter. Tyson Foods comprises approximately 0.5% of nVerses Capital LLC’s portfolio, making the stock its 3rd biggest holding. nVerses Capital LLC’s holdings in Tyson Foods were worth $1,191,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSN. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after buying an additional 4,662,332 shares during the period. Davis Selected Advisers purchased a new stake in Tyson Foods during the 2nd quarter worth about $177,439,000. Jupiter Asset Management Ltd. bought a new position in Tyson Foods in the 2nd quarter worth about $29,537,000. Van ECK Associates Corp grew its holdings in Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after buying an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Tyson Foods by 138.7% during the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after buying an additional 336,487 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSN. Bank of America cut their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets upped their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.22.

Tyson Foods Price Performance

TSN stock traded down $0.34 during mid-day trading on Thursday, hitting $60.26. 116,774 shares of the stock were exchanged, compared to its average volume of 2,464,549. The business has a fifty day moving average price of $61.62 and a 200 day moving average price of $59.66. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of -1,010.00, a PEG ratio of 0.35 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -3,266.67%.

Tyson Foods 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.