18,037 Shares in Tyson Foods, Inc. (NYSE:TSN) Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,037 shares of the company's stock, valued at approximately $1,074,000.

A number of other large investors have also made changes to their positions in TSN. Signaturefd LLC grew its stake in Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company's stock valued at $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Tyson Foods by 1.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company's stock valued at $632,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Tyson Foods by 13.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company's stock worth $103,000 after purchasing an additional 198 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Finally, Unison Advisors LLC lifted its stake in Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company's stock valued at $1,460,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, Piper Sandler cut shares of Tyson Foods from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.22.

Tyson Foods Stock Down 0.2 %

TSN stock traded down $0.10 during midday trading on Wednesday, hitting $59.16. 1,825,619 shares of the company's stock were exchanged, compared to its average volume of 2,434,743. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of -986.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $60.64 and a 200-day moving average price of $59.71. Tyson Foods, Inc. has a 12-month low of $45.13 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. The company's revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.31%. Tyson Foods's payout ratio is -3,266.67%.

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.