ProShare Advisors LLC Purchases 4,863 Shares of Tyson Foods, Inc. (NYSE:TSN)

ProShare Advisors LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,475 shares of the company's stock after acquiring an additional 4,863 shares during the quarter. ProShare Advisors LLC's holdings in Tyson Foods were worth $3,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co lifted its holdings in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Ossiam lifted its stake in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC raised its position in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after purchasing an additional 387 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Stephens lowered their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" 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 assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $62.63.

Tyson Foods Stock Down 1.5%

TSN stock traded down $0.85 during midday trading on Thursday, reaching $55.46. The company had a trading volume of 2,368,740 shares, compared to its average volume of 2,402,869. 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 company has a market capitalization of $19.76 billion, a P/E ratio of 18.74, a PEG ratio of 0.74 and a beta of 0.63. The company has a 50 day moving average of $59.54 and a two-hundred day moving average of $59.49.

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. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

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.