Pacer Advisors Inc. Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Pacer Advisors Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,965 shares of the company’s stock after purchasing an additional 9,274 shares during the period. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $2,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Tyson Foods by 16.3% in the fourth quarter. Blue Trust Inc. now owns 5,890 shares of the company’s stock valued at $351,000 after buying an additional 827 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Tyson Foods by 6.0% in the 4th quarter. AlphaMark Advisors LLC now owns 14,184 shares of the company’s stock worth $815,000 after acquiring an additional 799 shares in the last quarter. Cyndeo Wealth Partners LLC acquired a new position in Tyson Foods during the fourth quarter worth $4,442,000. Geneos Wealth Management Inc. lifted its holdings in Tyson Foods by 6.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 64,436 shares of the company’s stock valued at $3,701,000 after purchasing an additional 3,662 shares in the last quarter. Finally, apricus wealth LLC increased its stake in shares of Tyson Foods by 2.8% during the fourth quarter. apricus wealth LLC now owns 54,265 shares of the company’s stock worth $3,117,000 after purchasing an additional 1,485 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Piper Sandler increased their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.80.

Tyson Foods Price Performance

Shares of TSN stock opened at $56.54 on Friday. The firm’s 50-day moving average is $58.96 and its two-hundred day moving average is $60.32. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The company has a market capitalization of $20.12 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. Tyson Foods’s dividend payout ratio is currently 88.89%.

Insiders Place Their Bets

In other news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last quarter. 2.03% of the stock is owned by insiders.

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.