Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,131 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Tectonic Advisors LLC’s holdings in Tyson Foods were worth $927,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. State Street Corp boosted its position in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares during the last quarter. Barclays PLC increased its holdings in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after purchasing an additional 446,648 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after acquiring an additional 352,863 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Tyson Foods by 149.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock worth $25,124,000 after purchasing an additional 252,635 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Tyson Foods by 3,833.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock valued at $12,834,000 after acquiring an additional 210,000 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

NYSE:TSN opened at $57.07 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88. The firm’s 50-day simple moving average is $58.56 and its 200 day simple moving average is $60.28. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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 business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.52 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s payout ratio is currently 88.89%.

Insider Buying and Selling

In other news, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 in the last three months. 2.03% of the stock is owned by corporate 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.