Arete Wealth Advisors LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,979 shares of the company’s stock after purchasing an additional 495 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Tyson Foods were worth $357,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in Tyson Foods by 4.2% during the 4th quarter. State Street Corp now owns 14,293,302 shares of the company’s stock valued at $1,245,804,000 after purchasing an additional 572,929 shares during the last quarter. Geode Capital Management LLC grew its position in Tyson Foods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 5,975,278 shares of the company’s stock valued at $520,055,000 after purchasing an additional 83,521 shares during the last quarter. Victory Capital Management Inc. grew its position in Tyson Foods by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,796,752 shares of the company’s stock valued at $505,244,000 after purchasing an additional 155,745 shares during the last quarter. Northern Trust Corp grew its position in Tyson Foods by 3.5% during the 4th quarter. Northern Trust Corp now owns 5,227,970 shares of the company’s stock valued at $455,670,000 after purchasing an additional 178,267 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Tyson Foods by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,671,782 shares of the company’s stock valued at $407,193,000 after purchasing an additional 175,358 shares during the last quarter. 66.94% of the stock is owned by hedge funds and other institutional investors.
Tyson Foods Price Performance
Shares of NYSE:TSN opened at $87.45 on Friday. The firm’s 50 day moving average price is $85.19 and its 200-day moving average price is $89.28. Tyson Foods, Inc. has a twelve month low of $70.50 and a twelve month high of $100.72. The company has a quick ratio of 0.86, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $31.70 billion, a PE ratio of 7.87 and a beta of 0.66.
Tyson Foods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, August 31st. Tyson Foods’s dividend payout ratio (DPR) is presently 16.56%.
Insider Buying and Selling
In related news, EVP Amy Tu sold 3,346 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total value of $302,143.80. Following the completion of the sale, the executive vice president now directly owns 51,381 shares of the company’s stock, valued at approximately $4,639,704.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.85% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several brokerages recently commented on TSN. Piper Sandler cut their price objective on shares of Tyson Foods from $85.00 to $79.00 and set an “underweight” rating on the stock in a research report on Friday, July 1st. StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $97.71.
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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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