Sage Capital Advisors llc Acquires 917 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sage Capital Advisors llc lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,626 shares of the company’s stock after buying an additional 917 shares during the period. Tyson Foods makes up approximately 1.6% of Sage Capital Advisors llc’s holdings, making the stock its 17th largest holding. Sage Capital Advisors llc’s holdings in Tyson Foods were worth $6,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mather Group LLC. raised its holdings in Tyson Foods by 46.5% during the 3rd quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock valued at $137,000 after buying an additional 730 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Tyson Foods by 24.8% during the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company’s stock valued at $393,000 after acquiring an additional 1,311 shares during the last quarter. Czech National Bank grew its stake in shares of Tyson Foods by 6.8% in the third quarter. Czech National Bank now owns 58,224 shares of the company’s stock worth $3,468,000 after purchasing an additional 3,717 shares during the last quarter. LifePlan Financial LLC lifted its holdings in Tyson Foods by 13.8% in the 3rd quarter. LifePlan Financial LLC now owns 6,852 shares of the company’s stock worth $408,000 after buying an additional 832 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Tyson Foods in the 2nd quarter worth approximately $1,284,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, Bank of America reduced their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Up 0.1 %

Shares of NYSE:TSN opened at $58.29 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $61.92 and a two-hundred day simple moving average of $59.64. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $66.88. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of -32.75, a PEG ratio of 0.34 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same period last year, the business earned $0.15 EPS. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.36%. Tyson Foods’s dividend payout ratio is -110.11%.

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.