Entropy Technologies LP Purchases Shares of 26,412 Tyson Foods, Inc. (NYSE:TSN)

Entropy Technologies LP bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,412 shares of the company's stock, valued at approximately $1,517,000.

Several other hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group increased its stake in 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. Catalyst Capital Advisors LLC increased its stake in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after acquiring an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. bought a new position in Tyson Foods in the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock valued at $44,000 after acquiring an additional 561 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Insider Activity at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wes Morris sold 25,080 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,031 shares of company stock worth $25,022,233 over the last quarter. Company insiders own 2.03% of the company's stock.

Tyson Foods Trading Down 0.3 %

Shares of NYSE:TSN traded down $0.16 during mid-day trading on Thursday, reaching $57.62. 2,448,831 shares of the company's stock were exchanged, compared to its average volume of 2,403,680. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.72 and a beta of 0.80. The business's fifty day moving average price is $57.79 and its 200-day moving average price is $60.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $51.24 and a twelve month high of $66.88.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods's payout ratio is 67.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSN shares. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Piper Sandler raised shares of 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 raised their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.