Brown Lisle Cummings Inc. Has $77,000 Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Brown Lisle Cummings Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 31.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,345 shares of the company’s stock after selling 630 shares during the period. Brown Lisle Cummings Inc.’s holdings in Tyson Foods were worth $77,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TSN. JPMorgan Chase & Co. raised its position in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the period. Sound Income Strategies LLC raised its holdings in Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after buying an additional 6,955 shares during the period. Mizuho Securities USA LLC lifted its stake in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Tyson Foods in the fourth quarter valued at approximately $775,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Tyson Foods during the third quarter worth $1,036,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.03 on Wednesday. The company has a fifty day moving average price of $58.70 and a two-hundred day moving average price of $60.30. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The stock has a market cap of $20.29 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.52 EPS for the current year.

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s dividend payout ratio is 88.89%.

Insiders Place Their Bets

In other news, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last ninety days. 2.03% of the stock is currently owned by company insiders.

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.