Sage Capital Advisors llc Increases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Sage Capital Advisors llc raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,626 shares of the company’s stock after buying an additional 917 shares during the period. Tyson Foods comprises 1.6% of Sage Capital Advisors llc’s portfolio, making the stock its 17th largest holding. Sage Capital Advisors llc’s holdings in Tyson Foods were worth $6,112,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSN. First Financial Corp IN purchased a new stake in shares of Tyson Foods in the 1st quarter worth $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods in the first quarter worth about $42,000. Mather Group LLC. purchased a new position in shares of Tyson Foods during the 1st quarter valued at about $49,000. Hantz Financial Services Inc. purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $54,000. Finally, Tompkins Financial Corp raised its stake in Tyson Foods by 42.1% during the 1st quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock worth $58,000 after acquiring an additional 293 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSN shares. Stephens initiated coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Bank of America cut their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Trading Up 0.1 %

TSN opened at $58.29 on Wednesday. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $61.92 and a 200 day moving average of $59.64. The firm has a market cap of $20.74 billion, a P/E ratio of -32.75, a P/E/G ratio of 0.34 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share 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 company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. Tyson Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods, Inc. will post 2.82 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. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.