Zullo Investment Group Inc. Purchases 476 Shares of Tyson Foods, Inc. (NYSE:TSN)

Zullo Investment Group Inc. raised its position in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 164.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 766 shares of the company’s stock after buying an additional 476 shares during the quarter. Zullo Investment Group Inc.’s holdings in Tyson Foods were worth $69,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of New Hampshire bought a new position in Tyson Foods in the 1st quarter valued at about $27,000. Tcwp LLC bought a new position in Tyson Foods in the 1st quarter valued at about $28,000. Advocacy Wealth Management Services LLC grew its holdings in shares of Tyson Foods by 34.7% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 112 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Tyson Foods by 161.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $40,000 after purchasing an additional 273 shares during the last quarter. Finally, Sandy Cove Advisors LLC bought a new stake in shares of Tyson Foods during the 1st quarter valued at approximately $40,000. 68.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TSN. Stephens decreased their price target on shares of Tyson Foods from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, August 9th. Barclays decreased their price target on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 9th. Sanford C. Bernstein decreased their price target on shares of Tyson Foods to $101.00 in a report on Monday, August 15th. BMO Capital Markets decreased their price target on shares of Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Finally, Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price target on the stock in a report on Tuesday, August 9th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.13.

Tyson Foods Stock Up 2.2 %

NYSE:TSN opened at $75.57 on Friday. The firm’s 50 day simple moving average is $81.50 and its 200 day simple moving average is $86.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.85. Tyson Foods, Inc. has a one year low of $72.18 and a one year high of $100.72. The company has a market cap of $27.18 billion, a PE ratio of 6.79 and a beta of 0.70.

Tyson Foods (NYSE:TSNGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.25 billion. Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 8.85 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.46 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.43%. Tyson Foods’s dividend payout ratio (DPR) is currently 16.53%.

Tyson Foods Company Profile

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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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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