Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 28.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,191 shares of the company's stock after acquiring an additional 17,963 shares during the quarter. Nisa Investment Advisors LLC's holdings in Tyson Foods were worth $4,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the 1st quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock valued at $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Tyson Foods in the 2nd quarter valued at $54,000. Northwest Investment Counselors LLC acquired a new stake in Tyson Foods in the third quarter valued at about $59,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock valued at $62,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded down $0.23 during trading on Friday, hitting $58.36. 1,890,019 shares of the company were exchanged, compared to its average volume of 2,441,602. Tyson Foods, Inc. has a fifty-two week low of $45.13 and a fifty-two week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $60.85 and a 200 day moving average price of $59.70. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of -972.67, a P/E/G ratio of 0.38 and a beta of 0.78.

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

Tyson Foods Announces Dividend

The company 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 $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.36%. Tyson Foods's payout ratio is currently -3,266.67%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSN. Piper Sandler cut Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of 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. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $59.22.

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.