Benjamin F. Edwards & Company Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 2,488.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,934 shares of the company’s stock after acquiring an additional 11,473 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Tyson Foods were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Norges Bank acquired a new position in Tyson Foods in the fourth quarter valued at $257,271,000. Renaissance Technologies LLC boosted its stake in shares of Tyson Foods by 1,474.8% during the fourth quarter. Renaissance Technologies LLC now owns 718,100 shares of the company’s stock worth $65,376,000 after buying an additional 672,500 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Tyson Foods during the first quarter worth about $36,706,000. Assenagon Asset Management S.A. boosted its stake in shares of Tyson Foods by 631.4% during the first quarter. Assenagon Asset Management S.A. now owns 569,986 shares of the company’s stock worth $32,985,000 after buying an additional 492,055 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Tyson Foods during the first quarter worth about $25,712,000. Institutional investors own 68.85% of the company’s stock.

Shares of Tyson Foods stock opened at $58.21 on Friday. Tyson Foods, Inc. has a 12-month low of $42.57 and a 12-month high of $94.24. The company has a current ratio of 1.61, a quick ratio of 0.70 and a debt-to-equity ratio of 0.75. The stock has a market cap of $22.00 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a 50-day moving average of $59.51 and a two-hundred day moving average of $76.10.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.27). Tyson Foods had a net margin of 4.52% and a return on equity of 13.01%. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 4.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.68 dividend on an annualized basis and a yield of 2.89%. Tyson Foods’s dividend payout ratio (DPR) is presently 30.77%.

In other Tyson Foods news, EVP Scott Rouse sold 600 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.68% of the company’s stock.

TSN has been the subject of several recent research reports. Credit Suisse Group reiterated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, May 5th. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $88.00 to $65.00 in a research note on Friday, April 24th. Piper Sandler downgraded shares of Tyson Foods from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $100.00 to $66.00 in a research note on Tuesday, April 28th. Bank of America downgraded shares of Tyson Foods from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $60.00 in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Tyson Foods has an average rating of “Hold” and an average price target of $75.15.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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