Nuveen Asset Management LLC Purchases 13,310 Shares of Tyson Foods, Inc. (NYSE:TSN)

Nuveen Asset Management LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,171 shares of the company's stock after buying an additional 13,310 shares during the quarter. Nuveen Asset Management LLC owned about 0.17% of Tyson Foods worth $35,680,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after buying an additional 173 shares in the last quarter. Syon Capital LLC lifted its stake in shares of Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after buying an additional 174 shares in the last quarter. Norinchukin Bank The boosted its stake in Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock worth $632,000 after purchasing an additional 184 shares during the period. Ossiam boosted its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the period. Finally, Covestor Ltd boosted its stake in Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company's stock worth $121,000 after purchasing an additional 199 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of several analyst reports. Barclays cut their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price 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 report on Monday, February 3rd. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus target price of $62.63.

Tyson Foods Stock Up 1.3%

TSN stock opened at $56.76 on Wednesday. The company's 50 day moving average is $59.61 and its 200 day moving average is $59.51. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. 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 has a market cap of $20.22 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results 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 business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter last year, the business posted $0.62 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.52%. Tyson Foods's payout ratio is 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.

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