Mackenzie Financial Corp Increases Position in Tyson Foods, Inc. (NYSE:TSN)

Mackenzie Financial Corp grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,460 shares of the company's stock after purchasing an additional 56,213 shares during the period. Mackenzie Financial Corp owned about 0.08% of Tyson Foods worth $15,593,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Forum Financial Management LP lifted its holdings in Tyson Foods by 49.9% during the 4th quarter. Forum Financial Management LP now owns 5,984 shares of the company's stock worth $344,000 after buying an additional 1,991 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Tyson Foods by 1.1% in the fourth quarter. Toronto Dominion Bank now owns 152,957 shares of the company's stock valued at $8,786,000 after acquiring an additional 1,659 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Tyson Foods by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 103,228 shares of the company's stock valued at $5,929,000 after purchasing an additional 1,062 shares during the period. Neo Ivy Capital Management grew its stake in Tyson Foods by 86.2% during the 4th quarter. Neo Ivy Capital Management now owns 47,442 shares of the company's stock worth $2,725,000 after purchasing an additional 21,960 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Tyson Foods during the 4th quarter worth about $230,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSN shares. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, Stephens lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.63.

Tyson Foods Stock Up 0.1%

NYSE:TSN traded up $0.08 during midday trading on Friday, hitting $56.20. 4,838,677 shares of the company were exchanged, compared to its average volume of 2,382,825. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a market capitalization of $20.02 billion, a PE ratio of 18.99, a price-to-earnings-growth 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 company has a fifty day simple moving average of $58.88 and a 200 day simple moving average of $59.28.

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

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is currently 77.82%.

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.