Tyson Foods, Inc. $TSN Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 57.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 30,119 shares of the company’s stock after purchasing an additional 11,022 shares during the quarter. D.A. Davidson & CO.’s holdings in Tyson Foods were worth $1,766,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Camelot Portfolios LLC grew its holdings in Tyson Foods by 1.3% during the 4th quarter. Camelot Portfolios LLC now owns 17,776 shares of the company’s stock worth $1,042,000 after acquiring an additional 228 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Tyson Foods by 13.6% during the 4th quarter. Sanctuary Advisors LLC now owns 44,670 shares of the company’s stock worth $2,619,000 after acquiring an additional 5,355 shares in the last quarter. Klingman & Associates LLC acquired a new position in Tyson Foods during the 4th quarter worth $201,000. Concurrent Investment Advisors LLC acquired a new position in Tyson Foods during the 4th quarter worth $234,000. Finally, Directional Asset Management acquired a new position in Tyson Foods during the 4th quarter worth $1,702,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TSN shares. Piper Sandler raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $61.00 to $75.00 in a report on Monday, April 6th. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock. Barclays raised their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $66.45.

Tyson Foods Trading Down 0.5%

Tyson Foods stock opened at $63.76 on Friday. The company has a market cap of $22.45 billion, a P/E ratio of 113.85, a PEG ratio of 1.38 and a beta of 0.40. The firm’s 50-day moving average is $63.07 and its 200-day moving average is $59.70. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.