IFG Advisory LLC Buys 26,847 Shares of Tyson Foods, Inc. (NYSE:TSN)

IFG Advisory LLC grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,453 shares of the company’s stock after acquiring an additional 26,847 shares during the quarter. IFG Advisory LLC’s holdings in Tyson Foods were worth $4,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TSN. Cantor Fitzgerald Investment Advisor L.P raised its stake in Tyson Foods by 94.9% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock worth $28,439,000 after acquiring an additional 154,507 shares in the last quarter. Markel Corp boosted its holdings in Tyson Foods by 2.1% in the first quarter. Markel Corp now owns 384,500 shares of the company’s stock valued at $34,463,000 after acquiring an additional 8,000 shares during the last quarter. Aviva PLC boosted its holdings in Tyson Foods by 25.5% during the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after buying an additional 24,669 shares during the last quarter. Prudential PLC bought a new position in shares of Tyson Foods during the 1st quarter valued at about $747,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Tyson Foods by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 1.1 %

Shares of NYSE:TSN opened at $58.81 on Thursday. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of -23.81, a PEG ratio of 0.46 and a beta of 0.76. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28. The business’s 50 day moving average is $54.61 and its 200 day moving average is $51.62.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.33%. Tyson Foods’s dividend payout ratio (DPR) is currently -79.35%.

Analysts Set New Price Targets

TSN has been the topic of several recent analyst reports. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup started coverage on Tyson Foods in a report on Thursday, February 1st. They issued a “neutral” rating and a $56.00 price objective on the stock. Barclays upped their price objective on Tyson Foods from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, February 6th. Stephens reissued an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, Piper Sandler upped their price objective on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.