Everpar Advisors LLC Invests $3.38 Million in Tyson Foods, Inc. (NYSE:TSN)

Everpar Advisors LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,965 shares of the company's stock, valued at approximately $3,384,000. Tyson Foods accounts for about 1.6% of Everpar Advisors LLC's holdings, making the stock its 5th largest position.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company's stock valued at $491,224,000 after buying an additional 200,586 shares during the period. FMR LLC increased its stake in Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company's stock worth $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company's stock worth $357,325,000 after purchasing an additional 49,540 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of Tyson Foods in the third quarter valued at approximately $274,707,000. Finally, Northern Trust Corp grew its holdings in shares of Tyson Foods by 2.6% in the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company's stock valued at $263,976,000 after purchasing an additional 134,778 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. HSBC increased their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a "reduce" rating in a report on Tuesday. Citigroup upped their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Piper Sandler raised their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a "market perform" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus price target of $60.60.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.05% of the company's stock.

Tyson Foods Stock Up 0.4 %

Shares of Tyson Foods stock traded up $0.25 during trading hours on Wednesday, hitting $59.14. The company had a trading volume of 2,857,033 shares, compared to its average volume of 2,872,858. The company's 50-day moving average is $57.89 and its two-hundred day moving average is $53.62. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The company has a market cap of $21.07 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. Analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods's payout ratio is currently -79.35%.

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.

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