GAMMA Investing LLC Acquires New Stake in Tyson Foods, Inc. (NYSE:TSN)

GAMMA Investing LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,730 shares of the company’s stock, valued at approximately $95,000.

A number of other large investors have also made changes to their positions in the company. Sugarloaf Wealth Management LLC increased its holdings in Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its position in Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Tyson Foods by 47.4% during 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 during the period. Lindbrook Capital LLC increased its position in Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Tyson Foods in the fourth quarter worth about $40,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Down 0.4 %

Shares of TSN opened at $60.63 on Monday. The business’s 50 day simple moving average is $56.97 and its 200-day simple moving average is $52.95. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. During the same quarter last year, the business earned $0.85 earnings per share. Tyson Foods’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TSN. BMO Capital Markets increased their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.80.

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.