Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Posted by on Apr 23rd, 2023

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,898 shares of the company’s stock after selling 3,963 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $3,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P increased its stake in shares of Tyson Foods by 94.9% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock worth $28,439,000 after buying an additional 154,507 shares during the period. Markel Corp lifted its holdings in shares of Tyson Foods by 2.1% during the first quarter. Markel Corp now owns 384,500 shares of the company’s stock worth $34,463,000 after purchasing an additional 8,000 shares during the period. Aviva PLC lifted its holdings in shares of Tyson Foods by 25.5% during the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after purchasing an additional 24,669 shares during the period. Prudential PLC acquired a new stake in Tyson Foods in the first quarter valued at $747,000. Finally, Vanguard Group Inc. lifted its holdings in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. 66.64% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.2 %

Shares of TSN stock opened at $61.00 on Friday. The stock has a 50-day simple moving average of $59.60 and a 200 day simple moving average of $62.96. Tyson Foods, Inc. has a fifty-two week low of $55.81 and a fifty-two week high of $97.84. The stock has a market capitalization of $21.69 billion, a P/E ratio of 9.06 and a beta of 0.75. The company has a quick ratio of 0.66, a current ratio of 1.75 and a debt-to-equity ratio of 0.40.

Tyson Foods (NYSE:TSN – Get Rating) last announced its earnings results on Monday, February 6th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.50). Tyson Foods had a net margin of 4.54% and a return on equity of 12.41%. The firm had revenue of $13.26 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the business earned $2.87 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods, Inc. will post 4.18 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 Thursday, June 15th. Investors of record on Thursday, June 1st will be given a $0.48 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. Tyson Foods’s dividend payout ratio (DPR) is 28.53%.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of recent research reports. Bank of America dropped their price objective on Tyson Foods from $62.00 to $56.00 and set an “underperform” rating for the company in a research report on Tuesday, February 7th. Credit Suisse Group reduced their price target on Tyson Foods from $75.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 7th. StockNews.com started coverage on Tyson Foods in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. The Goldman Sachs Group cut their target price on Tyson Foods from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets initiated coverage on Tyson Foods in a report on Thursday, April 13th. They issued a “market perform” rating and a $66.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.44.

Tyson Foods Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.

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

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