Sovereign s Capital Management LLC Invests $2.20 Million in Tyson Foods, Inc. (NYSE:TSN)

Sovereign s Capital Management LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,259 shares of the company's stock, valued at approximately $2,198,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Riverview Trust Co grew its stake in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the last quarter. SRS Capital Advisors Inc. boosted 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 buying an additional 229 shares during the last quarter. Ossiam boosted its holdings in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC boosted its holdings in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TSN. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Citigroup upped their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Price Performance

Tyson Foods stock traded down $0.85 during midday trading on Thursday, reaching $55.46. 2,368,740 shares of the stock were exchanged, compared to its average volume of 2,402,869. The company's fifty day moving average is $59.54 and its 200-day moving average is $59.49. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a market cap of $19.76 billion, a PE ratio of 18.74, a PEG ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

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.