384,036 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 384,036 shares of the company’s stock, valued at approximately $22,059,000. Raymond James Financial Inc. owned 0.11% of Tyson Foods at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc increased its holdings in shares of Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after purchasing an additional 3,782 shares during the period. GSA Capital Partners LLP bought a new position in shares of Tyson Foods during the 3rd quarter worth about $339,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Tyson Foods by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock worth $44,083,000 after purchasing an additional 4,962 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Tyson Foods by 43.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock worth $897,000 after purchasing an additional 4,548 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of Tyson Foods by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock worth $2,481,000 after purchasing an additional 3,043 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSN shares. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

NYSE:TSN opened at $59.87 on Friday. The firm has a market cap of $21.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $58.04 and its two-hundred day moving average price is $59.88.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. Tyson Foods’s payout ratio 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.