Kestra Private Wealth Services LLC Acquires 5,580 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kestra Private Wealth Services LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 84.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,216 shares of the company's stock after purchasing an additional 5,580 shares during the period. Kestra Private Wealth Services LLC's holdings in Tyson Foods were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $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 period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the third quarter valued at about $36,000. ST Germain D J Co. Inc. bought a new stake in Tyson Foods in the fourth quarter valued at about $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in Tyson Foods during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler upgraded shares of 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.10.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.58 during mid-day trading on Tuesday, reaching $57.68. 965,590 shares of the company were exchanged, compared to its average volume of 2,378,271. Tyson Foods, Inc. has a twelve month low of $52.11 and a twelve month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company's 50-day simple moving average is $57.44 and its 200-day simple moving average is $60.11. The stock has a market capitalization of $20.54 billion, a P/E ratio of 19.51, a P/E/G ratio of 0.72 and a beta of 0.80.

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

Tyson Foods Announces Dividend

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

Insider Buying and Selling at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.03% of the company's stock.

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.