Tyson Foods, Inc. (NYSE:TSN) Stock Position Lifted by AlphaMark Advisors LLC

AlphaMark Advisors LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 8.5% in the third quarter, HoldingsChannel reports. The fund owned 13,385 shares of the company’s stock after purchasing an additional 1,051 shares during the quarter. AlphaMark Advisors LLC’s holdings in Tyson Foods were worth $797,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after purchasing an additional 4,662,332 shares in the last quarter. Davis Selected Advisers bought a new position in shares of Tyson Foods in the second quarter valued at $177,439,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Tyson Foods during the 2nd quarter valued at $29,537,000. Van ECK Associates Corp lifted its position in shares of Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Tyson Foods by 138.7% during the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after acquiring an additional 336,487 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.3 %

Shares of Tyson Foods stock opened at $59.79 on Friday. The stock has a 50-day simple moving average of $61.58 and a 200-day simple moving average of $59.67. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of -33.59, a P/E/G ratio of 0.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.28%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSN. JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Finally, Stephens assumed coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $59.22.

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.