Empirical Finance LLC Has $590,000 Stake in Tyson Foods, Inc. (NYSE:TSN)

Empirical Finance LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,050 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Empirical Finance LLC’s holdings in Tyson Foods were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC raised its stake in 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. Wellington Management Group LLP raised its position in shares of Tyson Foods by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after buying an additional 606,518 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after buying an additional 49,540 shares in the last quarter. Capital Research Global Investors raised its position in shares of Tyson Foods by 153.2% in the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after buying an additional 2,920,479 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after buying an additional 1,465,139 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.8 %

TSN opened at $57.32 on Friday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of -32.20, a PEG ratio of 0.43 and a beta of 0.74. The company’s 50 day moving average price is $57.52 and its two-hundred day moving average price is $56.53.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSN shares. HSBC boosted their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. Bank of America dropped their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Piper Sandler upped their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. StockNews.com cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.00.

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 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.