Planned Solutions Inc. Acquires Shares of 1,390 Tyson Foods, Inc. (NYSE:TSN)

Planned Solutions Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,390 shares of the company’s stock, valued at approximately $75,000.

A number of other large investors also recently made changes to their positions in the stock. Cantor Fitzgerald Investment Advisor L.P grew its stake in Tyson Foods by 94.9% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock valued at $28,439,000 after acquiring an additional 154,507 shares during the period. Markel Corp raised its position in Tyson Foods by 2.1% in the 1st quarter. Markel Corp now owns 384,500 shares of the company’s stock valued at $34,463,000 after buying an additional 8,000 shares during the last quarter. Aviva PLC boosted its position in Tyson Foods by 25.5% during the 1st quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after acquiring an additional 24,669 shares during the last quarter. Prudential PLC bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $747,000. Finally, Vanguard Group Inc. lifted its position in shares of Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after purchasing an additional 2,239,235 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSN shares. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and raised their target price for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Barclays lifted their target price on Tyson Foods from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, February 6th. Citigroup assumed coverage on Tyson Foods in a research note on Thursday, February 1st. They issued a “neutral” rating and a $56.00 price target for the company. BMO Capital Markets upped their price objective on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Finally, StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.60.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 1.1 %

TSN stock opened at $58.81 on Thursday. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28. The business’s 50 day simple moving average is $54.61 and its 200 day simple moving average is $51.62. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $20.96 billion, a PE ratio of -23.81, a PEG ratio of 0.46 and a beta of 0.76.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, research analysts anticipate that Tyson Foods, Inc. will post 2.35 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.33%. Tyson Foods’s dividend payout ratio (DPR) 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.