Mirae Asset Global Investments Co. Ltd. Raises Stake in Tyson Foods, Inc. (NYSE:TSN)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 109,893 shares of the company's stock after buying an additional 25,606 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Tyson Foods were worth $5,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its holdings in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after acquiring an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. Lindbrook Capital LLC grew its position in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. Finally, First Financial Corp IN purchased a new stake in Tyson Foods in the third quarter worth $39,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSN shares. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st. StockNews.com raised Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Piper Sandler upped their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. Stephens reissued an "overweight" rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Finally, Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and increased their target price for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned 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 $58.20.

Tyson Foods Stock Up 0.6 %

Tyson Foods stock traded up $0.34 during midday trading on Monday, reaching $58.12. The company's stock had a trading volume of 2,173,949 shares, compared to its average volume of 2,921,411. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The stock has a market capitalization of $20.71 billion, a P/E ratio of -23.38, a PEG ratio of 0.46 and a beta of 0.77. The stock's 50-day simple moving average is $55.71 and its 200-day simple moving average is $52.17. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $63.28.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. Tyson Foods's revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, sell-side analysts expect that Tyson Foods, Inc. will post 2.35 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. Tyson Foods's dividend payout ratio (DPR) is presently -79.35%.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares of the company's stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

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.