Deutsche Bank AG Grows Stake in Tyson Foods, Inc. (NYSE:TSN)

Deutsche Bank AG boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,180,480 shares of the company's stock after acquiring an additional 159,617 shares during the quarter. Deutsche Bank AG owned 0.61% of Tyson Foods worth $125,247,000 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 company. Handelsbanken Fonder AB increased its holdings in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after acquiring an additional 729 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after buying an additional 6,955 shares in the last quarter. Empowered Funds LLC boosted its position in Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Tyson Foods by 7.1% in the fourth quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock worth $4,288,000 after purchasing an additional 4,922 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after purchasing an additional 1,532 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 1.4%

NYSE:TSN traded down $0.78 during midday trading on Wednesday, reaching $54.58. The company had a trading volume of 3,375,760 shares, compared to its average volume of 2,392,540. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.74 and a beta of 0.63. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock's fifty day simple moving average is $60.13 and its 200-day simple moving average is $59.61. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Analyst Upgrades and Downgrades

TSN has been the topic of several analyst reports. Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Stephens reduced their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $62.63.

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.