Tyson Foods, Inc. $TSN Stock Position Increased by AlphaQuest LLC

AlphaQuest LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 280.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,765 shares of the company’s stock after buying an additional 56,575 shares during the quarter. AlphaQuest LLC’s holdings in Tyson Foods were worth $4,168,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of 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 in the last quarter. NewSquare Capital LLC lifted its stake in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods during the third quarter worth approximately $28,000. First Command Advisory Services Inc. grew its position in Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Tyson Foods in the second quarter valued at $36,000. Institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other news, 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 transaction 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 represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction 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 completion of the sale, the chairman directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.11% of the company’s stock.

Tyson Foods Trading Up 0.9%

Tyson Foods stock opened at $65.21 on Friday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $65.96. 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 has a market cap of $23.02 billion, a P/E ratio of 49.03, a P/E/G ratio of 1.45 and a beta of 0.48. The company’s fifty day simple moving average is $58.84 and its 200-day simple moving average is $55.82.

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

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio is presently 153.38%.

Analysts Set New Price Targets

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

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.