Assetmark Inc. Boosts Stock Position in Tyson Foods, Inc. $TSN

Assetmark Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,710 shares of the company’s stock after acquiring an additional 15,409 shares during the quarter. Assetmark Inc. owned 0.12% of Tyson Foods worth $22,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at approximately $28,000. NewSquare Capital LLC raised its holdings in Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after acquiring an additional 326 shares during the last quarter. First Command Advisory Services Inc. lifted its position in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after acquiring an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in Tyson Foods in the 2nd quarter valued at approximately $36,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Up 1.0%

Shares of NYSE:TSN opened at $63.91 on Friday. The stock has a 50 day moving average of $60.55 and a 200 day moving average of $56.69. The company has a market cap of $22.50 billion, a PE ratio of 114.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.48. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Analyst Ratings Changes

Several research firms have recently weighed in on TSN. Piper Sandler boosted their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price target on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.27.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares in the company, 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 SEC, which is available through the SEC website. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction that occurred 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 sale, the chief financial officer 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 disclosure for this sale is available in the SEC filing. 2.11% of the stock is 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.