7,770 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,770 shares of the company’s stock, valued at approximately $418,000.

Other hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC raised its holdings in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC raised its holdings in Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Lindbrook Capital LLC raised its holdings in Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in Tyson Foods in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $58.80.

Tyson Foods Trading Up 0.6 %

Shares of NYSE:TSN opened at $60.96 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The company has a fifty day simple moving average of $56.47 and a 200 day simple moving average of $52.68. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio is presently -79.35%.

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.