State of Alaska Department of Revenue Reduces Holdings in Tyson Foods, Inc. (NYSE:TSN)

State of Alaska Department of Revenue lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,591 shares of the company’s stock after selling 14,701 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tyson Foods were worth $1,872,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSN. Bleakley Financial Group LLC raised its position in Tyson Foods by 11.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,962 shares of the company’s stock valued at $285,000 after purchasing an additional 503 shares during the period. Tectonic Advisors LLC raised its holdings in Tyson Foods by 6.5% in the 4th quarter. Tectonic Advisors LLC now owns 16,131 shares of the company’s stock valued at $927,000 after buying an additional 981 shares during the period. Money Concepts Capital Corp lifted its position in Tyson Foods by 6.9% in the fourth quarter. Money Concepts Capital Corp now owns 16,084 shares of the company’s stock valued at $924,000 after buying an additional 1,041 shares during the last quarter. Lion Street Advisors LLC boosted its stake in Tyson Foods by 53.5% during the fourth quarter. Lion Street Advisors LLC now owns 13,701 shares of the company’s stock worth $787,000 after buying an additional 4,775 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tyson Foods by 40.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,270 shares of the company’s stock valued at $1,580,000 after acquiring an additional 7,908 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSN. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Stephens lifted their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.10.

Insider Buying and Selling

In related news, Director Noel W. White sold 171,057 shares of the 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 sale, the director now directly owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now directly 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. Insiders have sold 392,031 shares of company stock worth $25,022,233 in the last quarter. 2.03% of the stock is owned by insiders.

Tyson Foods Trading Up 1.8 %

NYSE:TSN opened at $58.77 on Wednesday. The stock has a 50-day simple moving average of $58.01 and a 200-day simple moving average of $60.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. The stock has a market cap of $20.93 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.