Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,539 shares of the company’s stock after buying an additional 3,082 shares during the period. Bristlecone Advisors LLC’s holdings in Tyson Foods were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC increased its position in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. Finally, First Financial Corp IN acquired a new position in shares of Tyson Foods in the third quarter valued at about $39,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TSN shares. Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Stephens reissued an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. BMO Capital Markets increased their price objective on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Finally, Barclays upped their target price on Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $58.20.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

Shares of TSN stock opened at $59.05 on Monday. The business’s 50 day moving average is $55.38 and its two-hundred day moving average is $51.90. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. Tyson Foods’s dividend payout ratio is currently -79.35%.

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.