Lombard Odier Asset Management Switzerland SA Grows Stake in Tyson Foods, Inc. $TSN

Lombard Odier Asset Management Switzerland SA lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 33.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,400 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Tyson Foods were worth $2,396,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. Empowered Funds LLC grew its position in Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP lifted its position in Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Tyson Foods by 129.2% in the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after purchasing an additional 48,451 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $57.47 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 45.25, a price-to-earnings-growth ratio of 1.19 and a beta of 0.40. The business has a 50-day simple moving average of $59.04 and a two-hundred day simple moving average of $61.77. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. On average, analysts expect that Tyson Foods, Inc. will post 4.08 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stephens raised their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Piper Sandler restated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Finally, Bank of America dropped their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $70.88.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.