Bristlecone Advisors LLC Raises Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Bristlecone Advisors LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 63.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,215 shares of the company's stock after buying an additional 10,919 shares during the period. Bristlecone Advisors LLC's holdings in Tyson Foods were worth $1,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its position in shares of 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 buying an additional 210 shares during the last quarter. Brooklyn Investment Group increased its stake 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 period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the 3rd quarter worth $36,000. ST Germain D J Co. Inc. bought a new position in Tyson Foods during the 4th quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Wes Morris sold 25,080 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares of the company's stock, valued at $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,031 shares of company stock worth $25,022,233 over the last three months. Company insiders own 2.03% of the company's stock.

Analyst Ratings Changes

TSN has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.10.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.16 during trading on Thursday, hitting $57.62. The stock had a trading volume of 2,448,831 shares, compared to its average volume of 2,403,680. The stock's 50 day moving average is $57.79 and its two-hundred day moving average is $60.19. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1 year low of $51.24 and a 1 year high of $66.88. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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

Tyson Foods 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.