Peddock Capital Advisors LLC Trims Stake in Tyson Foods, Inc. (NYSE:TSN)

Peddock Capital Advisors LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,193 shares of the company’s stock after selling 3,679 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after purchasing an additional 7,921 shares during the last quarter. Check Capital Management Inc. CA purchased a new position in shares of Tyson Foods during the third quarter worth approximately $204,000. SG Americas Securities LLC raised its stake in shares of Tyson Foods by 157.1% during the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after acquiring an additional 28,833 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after purchasing an additional 2,129 shares in the last quarter. Finally, Markel Group Inc. increased its holdings in Tyson Foods by 28.3% during the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after purchasing an additional 127,500 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TSN. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets upped their price objective on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Piper Sandler raised their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, HSBC lifted their price target on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.60.

Tyson Foods Price Performance

Shares of TSN stock traded up $0.57 during midday trading on Wednesday, reaching $59.46. 1,036,506 shares of the company were exchanged, compared to its average volume of 2,855,941. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a market cap of $21.19 billion, a P/E ratio of -23.84, a PEG ratio of 0.49 and a beta of 0.74. The company’s 50 day moving average price is $57.89 and its two-hundred day moving average price is $53.62.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.30%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Tyson Foods Company 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.