Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Goodman Financial Corp

Goodman Financial Corp raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,656 shares of the company's stock after acquiring an additional 13,590 shares during the quarter. Tyson Foods makes up 2.8% of Goodman Financial Corp's investment portfolio, making the stock its 22nd biggest holding. Goodman Financial Corp owned about 0.05% of Tyson Foods worth $10,355,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC increased its stake in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock valued at $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in Tyson Foods in the third quarter valued at $39,000. Finally, Stone House Investment Management LLC acquired a new position in Tyson Foods in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Tyson Foods from $55.00 to $58.00 and gave the company a "market perform" rating in a report on Tuesday, May 7th. Barclays upgraded Tyson Foods from an "underweight" rating to an "overweight" rating and boosted their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Piper Sandler upped their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, May 7th. Finally, Stephens reissued an "overweight" rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average target price of $60.22.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

Shares of TSN stock traded up $0.38 during mid-day trading on Monday, hitting $60.63. The stock had a trading volume of 3,954,674 shares, compared to its average volume of 2,834,604. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The company's 50-day simple moving average is $58.91 and its 200-day simple moving average is $54.42. The firm has a market cap of $21.64 billion, a PE ratio of -34.06, a PEG ratio of 0.45 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm's revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 2.47 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods's dividend payout ratio is presently -110.11%.

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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