Icon Advisers Inc. Co. Sells 10,300 Shares of Tyson Foods, Inc. (NYSE:TSN)

Icon Advisers Inc. Co. decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,100 shares of the company’s stock after selling 10,300 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Tyson Foods were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TSN. Riverview Trust Co increased its holdings in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares during the period. Brooklyn Investment Group grew its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. TCTC Holdings LLC boosted its position in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter valued at $42,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Up 0.6 %

Shares of TSN stock opened at $60.49 on Monday. The firm has a 50-day moving average price of $60.06 and a 200 day moving average price of $59.58. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. Research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.31%. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barclays lowered their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.10.

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 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.