R Squared Ltd purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,040 shares of the company’s stock, valued at approximately $175,000.
A number of other large investors have also added to or reduced their stakes in TSN. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $36,000. ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on TSN shares. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.70.
Tyson Foods Price Performance
Shares of NYSE:TSN opened at $56.63 on Thursday. The business has a fifty day moving average price of $59.23 and a 200-day moving average price of $60.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The company has a market capitalization of $20.15 billion, a PE ratio of 25.17, a PEG ratio of 0.83 and a beta of 0.81. Tyson Foods, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88.
Tyson Foods Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.50 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is currently 88.89%.
Insiders Place Their Bets
In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company’s stock.
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.
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