Peddock Capital Advisors LLC Has $817,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Peddock Capital Advisors LLC cut its position in Tyson Foods, Inc. (NYSE:TSN) by 19.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,193 shares of the company’s stock after selling 3,679 shares during the period. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSN. Sugarloaf Wealth Management LLC increased its position in Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC increased its position in Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth $40,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on TSN shares. Piper Sandler upped their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup upped their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their target price on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.60.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.57 during mid-day trading on Wednesday, hitting $59.46. 1,036,506 shares of the stock were exchanged, compared to its average volume of 2,855,941. The company has a 50-day simple moving average of $57.89 and a 200 day simple moving average of $53.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a market capitalization of $21.19 billion, a P/E ratio of -23.84, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the previous year, the firm earned ($0.04) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.30%. Tyson Foods’s dividend payout ratio is presently -79.35%.

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 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.