Ipsen Advisor Group LLC Invests $627,000 in Tyson Foods, Inc. (NYSE:TSN)

Ipsen Advisor Group LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,907 shares of the company's stock, valued at approximately $627,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Tyson Foods by 44.8% during 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 last quarter. Handelsbanken Fonder AB lifted its position in Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after buying an additional 729 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Tyson Foods by 14.0% during the fourth 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 increased its position in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. 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 note on Friday, January 31st. Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.10.

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Tyson Foods Stock Down 0.0 %

Shares of NYSE:TSN traded down $0.02 on Friday, hitting $62.36. 1,339,514 shares of the company's stock were exchanged, compared to its average volume of 2,303,465. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a market capitalization of $22.21 billion, a PE ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm's 50-day moving average is $59.11 and its 200 day moving average is $59.63.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (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 firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.21%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

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.