Vise Technologies Inc. Invests $264,000 in Tyson Foods, Inc. (NYSE:TSN)

Vise Technologies Inc. acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,599 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Tyson Foods by 4.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,007 shares of the company's stock worth $460,000 after acquiring an additional 352 shares in the last quarter. Blue Trust Inc. raised its holdings in Tyson Foods by 16.3% during the fourth quarter. Blue Trust Inc. now owns 5,890 shares of the company's stock worth $351,000 after acquiring an additional 827 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Tyson Foods by 32.3% during the fourth quarter. Pacer Advisors Inc. now owns 37,965 shares of the company's stock worth $2,181,000 after acquiring an additional 9,274 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Tyson Foods during the fourth quarter worth about $175,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSN. Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective 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. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Price Performance

Tyson Foods stock traded up $0.08 during mid-day trading on Friday, reaching $56.20. 4,838,677 shares of the company were exchanged, compared to its average volume of 2,411,902. The company has a fifty day simple moving average of $58.96 and a 200-day simple moving average of $59.35. The firm has a market cap of $20.02 billion, a PE ratio of 18.99, a PEG ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its 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 firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Tyson Foods 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.