3,954 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by HTLF Bank

HTLF Bank acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,954 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. lifted its stake in Tyson Foods by 5.1% during the first quarter. Wetherby Asset Management Inc. now owns 4,031 shares of the company’s stock worth $361,000 after purchasing an additional 196 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Allworth Financial LP lifted its stake in Tyson Foods by 26.1% during the fourth quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after purchasing an additional 245 shares during the last quarter. Caprock Group LLC increased its position in Tyson Foods by 2.7% in the third quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the period. Finally, Arete Wealth Advisors LLC increased its position in Tyson Foods by 3.7% in the third quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock worth $353,000 after buying an additional 250 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 1.8 %

Shares of TSN opened at $59.95 on Friday. The stock’s fifty day moving average is $56.12 and its 200-day moving average is $52.47. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

Tyson Foods (NYSE:TSN) last announced its earnings results 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. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.27%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSN. JPMorgan Chase & Co. increased their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. The Goldman Sachs Group increased their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup increased their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets increased their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Finally, Piper Sandler increased their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average target price of $58.80.

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.