Gladstone Institutional Advisory LLC Buys Shares of 9,282 Tyson Foods, Inc. (NYSE:TSN)

Gladstone Institutional Advisory LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,282 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the last quarter. Unison Advisors LLC grew its holdings in shares of Tyson Foods by 0.8% during the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after purchasing an additional 214 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in shares of Tyson Foods by 2.5% during the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after purchasing an additional 235 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $58.36 on Monday. Tyson Foods, Inc. has a 52-week low of $45.13 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The business’s 50 day moving average price is $60.85 and its two-hundred day moving average price is $59.71. The firm has a market cap of $20.77 billion, a PE ratio of -972.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -3,266.67%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Stephens assumed coverage on Tyson Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price on the stock. Finally, Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $59.22.

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.