5,757 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,757 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company’s stock valued at $693,000 after purchasing an additional 1,532 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Tyson Foods during the 4th quarter valued at $137,000. Natixis Advisors LLC increased its position in shares of Tyson Foods by 14.4% during the 4th quarter. Natixis Advisors LLC now owns 246,640 shares of the company’s stock valued at $14,167,000 after purchasing an additional 30,989 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Tyson Foods by 101.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 118,947 shares of the company’s stock valued at $6,797,000 after purchasing an additional 59,942 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Tyson Foods by 158.6% during the 4th quarter. Achmea Investment Management B.V. now owns 61,475 shares of the company’s stock valued at $3,531,000 after purchasing an additional 37,704 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSN. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup dropped their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group started 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. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Finally, Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $59.87 on Friday. The firm has a market cap of $21.33 billion, a PE ratio of 20.23, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a 50 day moving average of $58.04 and a 200 day moving average of $59.88. 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 issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.34%. Tyson Foods’s payout ratio is currently 67.57%.

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.