Kera Capital Partners Inc. Purchases 8,693 Shares of Tyson Foods, Inc. $TSN

Kera Capital Partners Inc. grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 196.2% in the third quarter, Holdings Channel reports. The fund owned 13,123 shares of the company’s stock after buying an additional 8,693 shares during the quarter. Kera Capital Partners Inc.’s holdings in Tyson Foods were worth $713,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSN. State of Alaska Department of Revenue lifted its stake in Tyson Foods by 70.5% in the second quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock worth $3,195,000 after acquiring an additional 23,625 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Tyson Foods by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after buying an additional 132,947 shares during the period. Thrivent Financial for Lutherans raised its stake in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after buying an additional 20,888 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Tyson Foods by 128.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after buying an additional 30,713 shares during the period. Finally, Pzena Investment Management LLC boosted its position in Tyson Foods by 3.4% during the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after acquiring an additional 444,648 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling

In related news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on TSN shares. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets set a $67.00 price objective on Tyson Foods and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Santander began coverage on Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Finally, Piper Sandler boosted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $61.91.

Tyson Foods Stock Up 1.1%

TSN stock opened at $60.08 on Wednesday. The stock has a market capitalization of $21.21 billion, a P/E ratio of 45.17, a P/E/G ratio of 1.36 and a beta of 0.48. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $64.36. The firm has a 50-day simple moving average of $56.79 and a 200-day simple moving average of $55.32. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The company had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.08 billion. During the same period in the previous year, the business earned $0.92 EPS. Tyson Foods’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.51 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Tyson Foods 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.