3,690 Shares in Tyson Foods, Inc. (NYSE:TSN) Purchased by Good Life Advisors LLC

Good Life Advisors LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,690 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its position in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Barclays PLC grew its position in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. JPMorgan Chase & Co. grew its position in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Tyson Foods by 149.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock worth $25,124,000 after purchasing an additional 252,635 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Tyson Foods by 3,833.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock worth $12,834,000 after purchasing an additional 210,000 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 2.2 %

TSN opened at $60.43 on Friday. The company has a 50 day moving average of $57.22 and a 200 day moving average of $60.05. The company has a market cap of $21.52 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the firm earned $0.69 EPS. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports 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 report on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Stephens increased their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $61.10.

About Tyson Foods

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.