Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654,915 shares of the company’s stock after acquiring an additional 149,670 shares during the quarter. Canada Pension Plan Investment Board owned 0.18% of Tyson Foods worth $38,463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cadence Bank boosted its stake in shares of Tyson Foods by 5.6% in the 1st quarter. Cadence Bank now owns 17,359 shares of the company’s stock valued at $1,019,000 after buying an additional 915 shares during the period. Meritage Group LP purchased a new position in shares of Tyson Foods in the 1st quarter valued at about $283,000. Natixis purchased a new position in shares of Tyson Foods in the 1st quarter valued at about $2,389,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Tyson Foods in the 1st quarter valued at about $527,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Tyson Foods by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 149,049 shares of the company’s stock worth $8,758,000 after purchasing an additional 552 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent analyst reports. Citigroup lifted their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Piper Sandler lifted their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, HSBC lifted their price target on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Tyson Foods Price Performance

TSN stock traded up $0.72 on Friday, reaching $61.01. 1,223,233 shares of the company’s stock were exchanged, compared to its average volume of 1,460,920. The stock has a fifty day moving average of $57.50 and a 200-day moving average of $56.93. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.78 billion, a PE ratio of -34.28, a P/E/G ratio of 0.46 and a beta of 0.74. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the previous year, the business earned ($0.04) earnings per share. Tyson Foods’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts predict that Tyson Foods, Inc. will post 2.61 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.21%. Tyson Foods’s dividend payout ratio is currently -110.11%.

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.