Allstate Corp Acquires New Shares in Tyson Foods, Inc. (NYSE:TSN)

Allstate Corp bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,627 shares of the company's stock, valued at approximately $496,000.

Several other large investors have also made changes to their positions in TSN. Riverview Trust Co boosted its position in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC grew its position in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at $42,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. 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 note on Tuesday, February 4th. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods has an average rating of "Hold" and an average price target of $61.10.

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Tyson Foods Trading Up 1.1 %

TSN stock traded up $0.70 during midday trading on Thursday, reaching $63.45. The company's stock had a trading volume of 2,594,762 shares, compared to its average volume of 2,296,989. The business's 50-day simple moving average is $59.55 and its 200-day simple moving average is $59.64. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The stock has a market cap of $22.60 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

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

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 3.15%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

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.