Tyson Foods, Inc. (NYSE:TSN) Holdings Increased by Independent Advisor Alliance

Independent Advisor Alliance grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,896 shares of the company’s stock after buying an additional 2,821 shares during the quarter. Independent Advisor Alliance’s holdings in Tyson Foods were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. Riverview Trust Co raised its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $42,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $60.65 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $58.12 and a two-hundred day moving average of $59.81. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.10.

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.