River Road Asset Management LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

River Road Asset Management LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 66,038 shares of the company’s stock, valued at approximately $3,550,000.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC grew its holdings in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC increased its stake in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. Finally, Montag A & Associates Inc. bought a new position in shares of Tyson Foods during the third quarter valued at approximately $39,000. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSN shares. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Stephens reissued an “overweight” rating and set a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. Piper Sandler upped their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $58.80.

Tyson Foods Stock Up 0.5 %

Shares of NYSE TSN opened at $58.87 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28. The firm has a 50 day moving average of $55.97 and a 200 day moving average of $52.37.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same period last year, the firm earned $0.85 EPS. Tyson Foods’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Tyson Foods’s payout ratio is currently -79.35%.

Insiders Place Their Bets

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.05% of the company’s stock.

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.