D.A. Davidson & CO. Acquires 14,236 Shares of Tyson Foods, Inc. $TSN

D.A. Davidson & CO. increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 292.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,097 shares of the company’s stock after acquiring an additional 14,236 shares during the period. D.A. Davidson & CO.’s holdings in Tyson Foods were worth $1,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Tyson Foods by 93.1% during the third 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. NewSquare Capital LLC increased its position in Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares in the last quarter. Matrix Trust Co increased its position in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after buying an additional 564 shares in the last quarter. First Command Advisory Services Inc. raised its stake in Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC bought a new stake in Tyson Foods in the second quarter worth $36,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Bank of America reduced their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Santander started coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets set a $67.00 price objective on shares of Tyson Foods and gave the stock an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.91.

Tyson Foods Stock Up 1.2%

Shares of Tyson Foods stock opened at $58.05 on Monday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.36. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $56.48 and its 200 day moving average is $55.25. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 1.33 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. The business had revenue of $13.86 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.92 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 153.38%.

Insider Transactions at Tyson Foods

In other news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their position. 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 firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.11% of the company’s stock.

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.