Treasurer of the State of North Carolina Purchases 13,280 Shares of Tyson Foods, Inc. (NYSE:TSN)

Treasurer of the State of North Carolina boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,220 shares of the company's stock after purchasing an additional 13,280 shares during the quarter. Treasurer of the State of North Carolina's holdings in Tyson Foods were worth $8,801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TSN. Riverview Trust Co raised its holdings in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at $42,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Up 0.8 %

NYSE:TSN traded up $0.51 during trading hours on Friday, hitting $61.17. The stock had a trading volume of 2,520,398 shares, compared to its average volume of 2,322,894. The business's 50 day moving average is $60.34 and its 200-day moving average is $59.62. 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 company has a market cap of $21.79 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its 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. 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 for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Analysts Set New Price Targets

TSN has been the subject of a number of research reports. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Finally, Citigroup lifted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.78.

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.