AlphaQuest LLC Purchases 56,575 Shares of Tyson Foods, Inc. $TSN

AlphaQuest LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 280.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,765 shares of the company’s stock after buying an additional 56,575 shares during the period. AlphaQuest LLC’s holdings in Tyson Foods were worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in TSN. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $119,000 after purchasing an additional 200 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Tyson Foods by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after buying an additional 206 shares during the last quarter. Rossby Financial LCC boosted its position in shares of Tyson Foods by 25.0% in the second quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock valued at $61,000 after acquiring an additional 217 shares during the period. Unison Advisors LLC grew its stake in shares of Tyson Foods by 0.9% in the second quarter. Unison Advisors LLC now owns 26,433 shares of the company’s stock worth $1,479,000 after acquiring an additional 224 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America decreased their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. BMO Capital Markets set a $67.00 target price on shares of Tyson Foods and gave the company an “outperform” rating in a research note on Thursday, January 8th. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, Piper Sandler lifted their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.60.

Insider Buying and Selling

In other news, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 0.9%

Shares of NYSE TSN opened at $65.21 on Friday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $65.96. The stock has a market cap of $23.02 billion, a PE ratio of 49.03, a PEG ratio of 1.45 and a beta of 0.48. The business has a fifty day moving average of $58.84 and a two-hundred day moving average of $55.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.51 dividend. This is a positive change 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 3.1%. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 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.