Burford Brothers Inc. Buys 1,657 Shares of Tyson Foods, Inc. (NYSE:TSN)

Burford Brothers Inc. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,668 shares of the company’s stock after buying an additional 1,657 shares during the period. Burford Brothers Inc.’s holdings in Tyson Foods were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods during the second quarter valued at approximately $54,000. Northwest Investment Counselors LLC bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $59,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of Tyson Foods by 1,566.2% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after buying an additional 1,018 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN opened at $58.67 on Friday. Tyson Foods, Inc. has a 52-week low of $45.13 and a 52-week high of $66.88. The company has a market cap of $20.95 billion, a P/E ratio of -32.96, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. 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 firm’s 50-day moving average price is $61.35 and its 200-day moving average price is $59.69.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s payout ratio is currently -110.11%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price 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. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.22.

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.