IFG Advisory LLC Raises Stake in Tyson Foods, Inc. (NYSE:TSN)

IFG Advisory LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,453 shares of the company's stock after acquiring an additional 26,847 shares during the period. IFG Advisory LLC's holdings in Tyson Foods were worth $4,647,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Tectonic Advisors LLC boosted its holdings in Tyson Foods by 9.9% in the fourth quarter. Tectonic Advisors LLC now owns 14,230 shares of the company's stock valued at $765,000 after acquiring an additional 1,276 shares during the last quarter. Bangor Savings Bank lifted its stake in Tyson Foods by 10.0% in the fourth quarter. Bangor Savings Bank now owns 13,587 shares of the company's stock valued at $730,000 after buying an additional 1,240 shares during the period. Salem Investment Counselors Inc. lifted its stake in Tyson Foods by 69.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 6,982 shares of the company's stock valued at $375,000 after buying an additional 2,857 shares during the period. Strategic Wealth Investment Group LLC lifted its stake in Tyson Foods by 11.5% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 162,224 shares of the company's stock valued at $8,720,000 after buying an additional 16,727 shares during the period. Finally, HB Wealth Management LLC lifted its stake in Tyson Foods by 28.7% in the fourth quarter. HB Wealth Management LLC now owns 6,360 shares of the company's stock valued at $342,000 after buying an additional 1,417 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE TSN traded down $0.08 during midday trading on Thursday, hitting $58.73. The company had a trading volume of 3,036,535 shares, compared to its average volume of 3,051,024. The company has a market capitalization of $20.93 billion, a PE ratio of -23.78, a P/E/G ratio of 0.46 and a beta of 0.76. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $54.70 and a 200-day moving average price of $51.67. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analysts' expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.34%. Tyson Foods's dividend payout ratio is presently -79.35%.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 31,115 shares of the company's stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSN shares. Piper Sandler raised their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Bank of America upgraded Tyson Foods from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Citigroup started coverage on Tyson Foods in a research note on Thursday, February 1st. They set a "neutral" rating and a $56.00 target price for the company. StockNews.com upgraded Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Finally, Stephens reissued an "overweight" rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. Two equities research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $57.60.

Tyson Foods Company 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.