Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 27,318 shares of the company’s stock after selling 763 shares during the period. Mackenzie Financial Corp’s holdings in Tyson Foods were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Allworth Financial LP raised its holdings in Tyson Foods by 26.1% in the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after acquiring an additional 245 shares during the last quarter. Caprock Group LLC raised its holdings in Tyson Foods by 2.7% in the 3rd quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock valued at $470,000 after acquiring an additional 248 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in Tyson Foods by 3.7% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock valued at $353,000 after acquiring an additional 250 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC raised its holdings in Tyson Foods by 5.2% in the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock valued at $255,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler increased their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. BMO Capital Markets increased their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.80.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Trading Up 0.6 %

NYSE:TSN opened at $61.32 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $56.65 and a 200 day moving average price of $52.74. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. Tyson Foods’s payout ratio is currently -79.35%.

Tyson Foods Profile

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.