Compass Wealth Management LLC Increases Stock Position in Tyson Foods, Inc. $TSN

Compass Wealth Management LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 260.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,885 shares of the company’s stock after buying an additional 23,035 shares during the period. Compass Wealth Management LLC’s holdings in Tyson Foods were worth $1,731,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tyson Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares in the last quarter. State Street Corp boosted its stake in Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after purchasing an additional 439,623 shares during the period. Pzena Investment Management LLC grew its holdings 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 buying an additional 444,648 shares in the last quarter. Davis Selected Advisers increased its position in shares of Tyson Foods by 91.4% during the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Tyson Foods by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after buying an additional 122,055 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 3.2%

NYSE TSN opened at $63.64 on Tuesday. 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 stock’s 50-day simple moving average is $58.12 and its two-hundred day simple moving average is $55.61. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.36. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 1.38 and a beta of 0.48.

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

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.51 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio is currently 153.38%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. BMO Capital Markets set a $67.00 price target on shares of Tyson Foods and gave the company an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Bank of America reduced their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, 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. Two research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.60.

Insider Buying and Selling at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of Tyson Foods 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 transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chairman owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is currently owned by company insiders.

About Tyson Foods

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.