UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $85.54 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,489,127 shares of the company's stock after buying an additional 186,788 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.42% of Tyson Foods worth $85,535,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after buying an additional 325,361 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Northern Trust Corp grew its position in Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after buying an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after buying an additional 427,582 shares during the period. Finally, Norges Bank purchased a new position in Tyson Foods during the 4th quarter worth $175,086,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE:TSN traded up $0.40 during trading hours on Friday, reaching $56.02. 903,041 shares of the stock were exchanged, compared to its average volume of 2,396,561. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $19.96 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The firm has a 50 day simple moving average of $58.96 and a 200-day simple moving average of $59.35.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is currently 77.82%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler upgraded shares of 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. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.