Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 289.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,288 shares of the company’s stock after buying an additional 18,059 shares during the period. Empowered Funds LLC’s holdings in Tyson Foods were worth $1,395,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. American Capital Advisory LLC purchased a new stake in Tyson Foods during the fourth quarter worth approximately $368,000. Kingsview Wealth Management LLC raised its holdings in Tyson Foods by 7.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company’s stock worth $311,000 after purchasing an additional 376 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Tyson Foods during the 4th quarter worth approximately $228,000. Lecap Asset Management Ltd. boosted its holdings in shares of Tyson Foods by 7.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 23,189 shares of the company’s stock valued at $1,332,000 after buying an additional 1,544 shares in the last quarter. Finally, Tobam grew its position in shares of Tyson Foods by 5.6% in the 4th quarter. Tobam now owns 70,948 shares of the company’s stock valued at $4,075,000 after buying an additional 3,740 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $57.10 on Monday. The firm has a market capitalization of $20.34 billion, a PE ratio of 19.29, a P/E/G ratio of 0.72 and a beta of 0.80. The stock’s 50 day moving average is $57.55 and its two-hundred day moving average is $60.14. Tyson Foods, Inc. has a twelve month low of $52.01 and a twelve month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TSN. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Finally, Stephens raised their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $61.10.

Insider Buying and Selling

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.03% of the stock is owned by insiders.

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.