Northwest Investment Counselors LLC Buys Shares of 993 Tyson Foods, Inc. (NYSE:TSN)

Northwest Investment Counselors LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 993 shares of the company’s stock, valued at approximately $59,000.

Several other large investors have also modified their holdings of the business. Retirement Systems of Alabama lifted its stake in Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after buying an additional 337 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after acquiring an additional 5,175 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Tyson Foods by 26.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after purchasing an additional 1,841 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN opened at $59.18 on Tuesday. The company has a 50 day moving average of $61.52 and a two-hundred day moving average of $59.71. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The company has a market cap of $21.13 billion, a P/E ratio of -33.25, a P/E/G ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 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 company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period last year, the company posted $0.15 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stephens began coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 target price on the stock. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America dropped their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.