Keybank National Association OH Invests $254,000 in Tyson Foods, Inc. (NYSE:TSN)

Keybank National Association OH acquired a new position in Tyson Foods, Inc. (NYSE:TSNFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,033 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors have also added to or reduced their stakes in TSN. Lindbrook Capital LLC grew its position in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the period. First Financial Corp IN bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $39,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Tyson Foods by 239.7% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 568 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Tyson Foods in the third quarter valued at $42,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Tyson Foods during the fourth quarter worth about $58,000. 63.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Barclays lifted their price objective on shares of Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday. Piper Sandler increased their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $57.60.

View Our Latest Analysis on Tyson Foods

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 133,277 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $46.16, for a total transaction of $6,152,066.32. Following the sale, the chairman now directly owns 2,739,150 shares in the company, valued at approximately $126,439,164. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $53.97 on Friday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.49. The business has a 50-day moving average of $53.31 and a 200 day moving average of $51.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.52.

Tyson Foods (NYSE:TSNGet Free Report) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 2.32 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.63%. Tyson Foods’s dividend payout ratio is currently -79.35%.

About Tyson Foods

(Free Report)

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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