Sanctuary Advisors LLC Purchases Shares of 21,171 Tyson Foods, Inc. (NYSE:TSN)

Sanctuary Advisors LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,171 shares of the company's stock, valued at approximately $1,284,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cohen & Steers Inc. bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $4,614,000. Bontempo Ohly Capital Mgmt LLC raised its stake in shares of Tyson Foods by 5.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 62,070 shares of the company's stock worth $3,336,000 after purchasing an additional 3,131 shares during the period. Sierra Summit Advisors LLC purchased a new position in shares of Tyson Foods in the 4th quarter worth about $526,000. Royal London Asset Management Ltd. increased its holdings in Tyson Foods by 76.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company's stock worth $181,122,000 after buying an additional 1,465,139 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company's stock worth $555,541,000 after acquiring an additional 606,518 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.63 during trading hours on Friday, reaching $58.82. The company had a trading volume of 1,434,509 shares, compared to its average volume of 2,487,763. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. The business has a fifty day simple moving average of $61.77 and a 200 day simple moving average of $59.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market cap of $20.93 billion, a PE ratio of -969.83, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Tyson Foods's dividend payout ratio (DPR) is presently -3,266.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Finally, Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $59.00.

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.