Northern Trust Corp Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Northern Trust Corp increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700,796 shares of the company's stock after purchasing an additional 118,402 shares during the period. Northern Trust Corp owned 1.32% of Tyson Foods worth $270,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after acquiring an additional 325,361 shares during the period. Geode Capital Management LLC grew its stake in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Norges Bank purchased a new position in shares of Tyson Foods in the fourth quarter worth about $175,086,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company's stock valued at $141,115,000 after buying an additional 98,799 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSN shares. Piper Sandler raised 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. Stephens decreased 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 report on Tuesday. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Finally, Citigroup upped their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.33.

Tyson Foods Trading Down 0.8 %

NYSE:TSN traded down $0.43 during trading hours on Tuesday, hitting $55.65. The company had a trading volume of 1,982,047 shares, compared to its average volume of 2,381,155. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The company has a market cap of $19.82 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a 50-day moving average of $60.76 and a 200 day moving average of $59.75. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations 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 was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.59%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

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.