Tyson Foods, Inc. $TSN Shares Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 423,079 shares of the company’s stock after purchasing an additional 20,070 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Tyson Foods were worth $22,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSN. State of Alaska Department of Revenue boosted its stake in Tyson Foods by 70.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after purchasing an additional 23,625 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Tyson Foods by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after buying an additional 132,947 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Tyson Foods by 55.3% during the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after buying an additional 20,888 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Tyson Foods by 128.9% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after buying an additional 30,713 shares in the last quarter. Finally, Pzena Investment Management LLC increased its position in Tyson Foods by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after acquiring an additional 444,648 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tyson Foods

In other news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.11% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $58.18 on Thursday. The firm has a 50-day moving average of $55.05 and a two-hundred day moving average of $55.01. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 1.33 and a beta of 0.47. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.36.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.51 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s payout ratio is currently 153.38%.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday. Piper Sandler increased their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Bank of America reduced their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Santander started coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $61.00.

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.