Strs Ohio Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Strs Ohio raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 390,000 shares of the company’s stock after buying an additional 90,000 shares during the quarter. Strs Ohio owned about 0.11% of Tyson Foods worth $20,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TSN. Sugarloaf Wealth Management LLC lifted its position in Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its position in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the last quarter. Lindbrook Capital LLC lifted its position in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the last quarter. Finally, First Financial Corp IN bought a new stake in Tyson Foods in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.1 %

Shares of NYSE:TSN opened at $58.15 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28. The stock’s fifty day moving average price is $55.78 and its 200-day moving average price is $52.28.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. Tyson Foods’s revenue was up .4% on a year-over-year basis. As a group, research analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio is -79.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSN shares. Piper Sandler boosted their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $69.00 in a research note on Tuesday. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, Stephens reissued an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.80.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.05% of the stock is owned by corporate insiders.

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.