Tyson Foods, Inc. $TSN Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 54.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,660 shares of the company’s stock after purchasing an additional 11,160 shares during the quarter. M&T Bank Corp’s holdings in Tyson Foods were worth $1,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its position in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the last quarter. Matrix Trust Co increased its position in shares of Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after purchasing an additional 183 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares during the last quarter. Finally, Camelot Portfolios LLC increased its position in shares of Tyson Foods by 1.3% during the 4th quarter. Camelot Portfolios LLC now owns 17,776 shares of the company’s stock worth $1,042,000 after purchasing an additional 228 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN opened at $68.44 on Friday. The company has a market cap of $24.09 billion, a P/E ratio of 53.89, a P/E/G ratio of 1.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.66. The stock has a 50-day moving average of $63.35 and a two-hundred day moving average of $60.08. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Mizuho assumed coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Company Profile

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.