R Squared Ltd Purchases Shares of 3,040 Tyson Foods, Inc. (NYSE:TSN)

R Squared Ltd acquired a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel reports. The firm acquired 3,040 shares of the company’s stock, valued at approximately $175,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the 3rd quarter worth $36,000. ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the fourth quarter valued at about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TSN shares. Piper Sandler lifted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.70.

Tyson Foods Price Performance

NYSE:TSN opened at $56.63 on Thursday. The company has a market capitalization of $20.15 billion, a P/E ratio of 25.17, a P/E/G ratio of 0.83 and a beta of 0.81. The business’s 50-day moving average is $59.23 and its 200 day moving average is $60.37. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.50 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.53%. Tyson Foods’s dividend payout ratio (DPR) is currently 88.89%.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by company insiders.

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.