Lathrop Investment Management Corp boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,725 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Lathrop Investment Management Corp’s holdings in Tyson Foods were worth $2,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. West Oak Capital LLC raised its holdings in Tyson Foods by 41.2% in the first quarter. West Oak Capital LLC now owns 600 shares of the company’s stock worth $35,000 after purchasing an additional 175 shares in the last quarter. Bessemer Group Inc. raised its holdings in Tyson Foods by 0.6% in the first quarter. Bessemer Group Inc. now owns 32,261 shares of the company’s stock worth $1,867,000 after purchasing an additional 181 shares in the last quarter. Trust Investment Advisors raised its holdings in Tyson Foods by 1.2% in the first quarter. Trust Investment Advisors now owns 16,105 shares of the company’s stock worth $932,000 after purchasing an additional 185 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Tyson Foods by 1.4% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,725 shares of the company’s stock worth $794,000 after purchasing an additional 195 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Tyson Foods by 5.7% in the first quarter. Wetherby Asset Management Inc. now owns 3,710 shares of the company’s stock worth $214,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

Shares of Tyson Foods stock traded down $0.12 during trading on Friday, hitting $61.45. 2,040,654 shares of the company’s stock traded hands, compared to its average volume of 1,759,439. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.61 and a quick ratio of 0.70. Tyson Foods, Inc. has a 1 year low of $42.57 and a 1 year high of $94.24. The stock has a market capitalization of $22.43 billion, a P/E ratio of 12.05, a PEG ratio of 2.55 and a beta of 0.65. The business has a 50-day simple moving average of $60.30 and a 200-day simple moving average of $65.61.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.27). The firm had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $11.01 billion. Tyson Foods had a net margin of 4.52% and a return on equity of 13.01%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. On average, equities analysts predict that Tyson Foods, Inc. will post 4.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, August 31st. Tyson Foods’s payout ratio is currently 30.77%.

A number of equities research analysts have recently commented on TSN shares. Seaport Global Securities started coverage on Tyson Foods in a research note on Tuesday. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut their target price on Tyson Foods from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. ValuEngine raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, May 7th. Piper Sandler cut Tyson Foods from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $100.00 to $66.00 in a research note on Tuesday, April 28th. Finally, Bank of America cut Tyson Foods from a “buy” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $60.00 in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and a consensus target price of $76.92.

In other news, EVP Scott Rouse sold 600 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.69% of the company’s stock.

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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