M&G Plc Buys Shares of 15,711 Tyson Foods, Inc. (NYSE:TSN)

M&G Plc purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,711 shares of the company’s stock, valued at approximately $896,000.

A number of other large investors have also recently modified their holdings of TSN. Price T Rowe Associates Inc. MD raised its stake in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 79.2% during the first 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. Wellington Management Group LLP increased its position in shares of Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after purchasing an additional 49,540 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $61.17 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company has a market capitalization of $21.84 billion, a P/E ratio of -34.37, a P/E/G ratio of 0.43 and a beta of 0.74. The business’s 50-day moving average is $58.10 and its two-hundred day moving average is $57.56.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts predict that Tyson Foods, Inc. will post 2.82 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, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TSN shares. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets upped their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. HSBC upped their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Piper Sandler upped their target price on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $61.00.

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.