Gateway Investment Advisers LLC Purchases Shares of 5,511 Tyson Foods, Inc. (NYSE:TSN)

Gateway Investment Advisers LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,511 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors have also recently added to or reduced their stakes in TSN. EverSource Wealth Advisors LLC grew its holdings in Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after buying an additional 198 shares during the period. Ridgewood Investments LLC increased its position in Tyson Foods by 0.8% during the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after purchasing an additional 199 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the last quarter. Spire Wealth Management grew its stake in shares of Tyson Foods by 21.7% during the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after buying an additional 239 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after buying an additional 245 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.19 during trading on Friday, reaching $61.69. 2,051,293 shares of the company’s stock traded hands, compared to its average volume of 2,592,679. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.87. The company has a 50 day moving average of $57.95 and a 200-day moving average of $57.44. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.90. The stock has a market capitalization of $22.02 billion, a P/E ratio of -34.66, a price-to-earnings-growth ratio of 0.44 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last announced 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. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 2.74 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Piper Sandler boosted their target price on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Barclays lifted their price target on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, HSBC increased their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.00.

Tyson Foods Company 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.