18,186 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Jessup Wealth Management Inc

Jessup Wealth Management Inc acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,186 shares of the company's stock, valued at approximately $1,045,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares during the period. Sound Income Strategies LLC raised its position in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after buying an additional 6,955 shares during the period. Empowered Funds LLC raised its position in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares during the period. Mizuho Securities USA LLC raised its position in shares of Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after buying an additional 114,179 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in shares of Tyson Foods in the 4th quarter worth $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

TSN stock traded up $1.40 during midday trading on Friday, reaching $60.51. The company had a trading volume of 1,806,528 shares, compared to its average volume of 2,461,978. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $57.22 and a 200 day moving average price of $60.06. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The firm has a market capitalization of $21.55 billion, a PE ratio of 20.43, a P/E/G ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. Tyson Foods's quarterly revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods's payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus target price of $61.10.

About Tyson Foods

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.