Tectonic Advisors LLC Has $927,000 Stake in Tyson Foods, Inc. (NYSE:TSN)

Tectonic Advisors LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,131 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Tectonic Advisors LLC’s holdings in Tyson Foods were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSN. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSN shares. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday. Stephens increased their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. BMO Capital Markets increased 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 report on Wednesday, November 13th. Finally, Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Up 0.1 %

Shares of TSN opened at $57.07 on Thursday. The firm has a fifty day simple moving average of $58.56 and a two-hundred day simple moving average of $60.28. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88. The stock has a market capitalization of $20.31 billion, a P/E ratio of 25.37, a PEG ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.52 EPS for the current year.

Tyson Foods Increases Dividend

The business also recently declared 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 of this dividend is Friday, February 28th. This represents a $2.00 annualized dividend and a yield of 3.50%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s payout ratio is 88.89%.

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.