Tyson Foods, Inc. (NYSE:TSN) Shares Bought by IFG Advisory LLC

IFG Advisory LLC raised its position in Tyson Foods, Inc. (NYSE:TSN) by 45.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,453 shares of the company’s stock after acquiring an additional 26,847 shares during the period. IFG Advisory LLC’s holdings in Tyson Foods were worth $4,647,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TSN. Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares in the last quarter. State Street Corp increased its holdings in shares of Tyson Foods by 1.8% in the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after purchasing an additional 200,586 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after purchasing an additional 4,669,457 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSN. Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Barclays raised their target price on shares of Tyson Foods from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, February 6th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and raised their target price for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $57.60.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $58.81 on Thursday. The company has a market cap of $20.96 billion, a PE ratio of -23.81, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The company has a 50-day simple moving average of $54.61 and a 200-day simple moving average of $51.62.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.35 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio is presently -79.35%.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

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.