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PFS Investments Inc. Has $17.05 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

PFS Investments Inc. increased its position in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,235 shares of the company’s stock after acquiring an additional 25,173 shares during the quarter. PFS Investments Inc. owned 0.05% of Tyson Foods worth $17,051,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Tyson Foods by 6.4% during 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. BlackRock Inc. grew its position in Tyson Foods by 3.3% during the first quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock valued at $1,929,996,000 after purchasing an additional 690,099 shares in the last quarter. State Street Corp grew its position in Tyson Foods by 4.2% during the fourth quarter. State Street Corp now owns 14,293,302 shares of the company’s stock valued at $1,245,804,000 after purchasing an additional 572,929 shares in the last quarter. Geode Capital Management LLC grew its position in Tyson Foods by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 5,975,278 shares of the company’s stock valued at $520,055,000 after purchasing an additional 83,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Tyson Foods by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,015,192 shares of the company’s stock valued at $449,512,000 after purchasing an additional 343,410 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TSN shares. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price objective on the stock in a research report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets lowered their price objective on shares of Tyson Foods from $99.00 to $90.00 in a research report on Tuesday, August 9th. Barclays decreased their target price on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Stephens decreased their target price on shares of Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Sanford C. Bernstein decreased their target price on shares of Tyson Foods to $101.00 in a research report on Monday, August 15th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.13.

Tyson Foods Price Performance

NYSE TSN opened at $75.57 on Friday. The company has a current ratio of 1.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $81.50 and a 200 day simple moving average of $86.71. The company has a market cap of $27.18 billion, a P/E ratio of 6.79 and a beta of 0.70. Tyson Foods, Inc. has a 1 year low of $72.18 and a 1 year high of $100.72.

Tyson Foods (NYSE:TSNGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.03). The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.25 billion. Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. Tyson Foods’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.70 earnings per share. On average, sell-side analysts predict that Tyson Foods, Inc. will post 8.85 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, November 30th. Tyson Foods’s payout ratio is currently 16.53%.

Tyson Foods Company Profile

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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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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