1,390 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Planned Solutions Inc.

Planned Solutions Inc. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,390 shares of the company’s stock, valued at approximately $75,000.

Several other large investors have also modified their holdings of the company. Pzena Investment Management LLC acquired a new stake in Tyson Foods during the 3rd quarter worth $274,707,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Tyson Foods by 97.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after buying an additional 4,669,457 shares during the last quarter. Vanguard Group Inc. increased its position in Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. Bank of New York Mellon Corp raised its stake in Tyson Foods by 97.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock valued at $214,627,000 after acquiring an additional 2,095,597 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $77,574,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TSN shares. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Piper Sandler increased their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $57.60.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the company’s 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 completion of the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Trading Up 1.1 %

Shares of Tyson Foods stock opened at $58.81 on Thursday. The business has a 50 day moving average price of $54.61 and a 200 day moving average price of $51.62. The company has a market capitalization of $20.96 billion, a P/E ratio of -23.81, a P/E/G ratio of 0.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. Sell-side analysts anticipate that Tyson Foods, Inc. will post 2.35 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio is currently -79.35%.

Tyson Foods Company 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.