Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Altrius Capital Management Inc

Altrius Capital Management Inc boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,151 shares of the company’s stock after acquiring an additional 2,062 shares during the period. Altrius Capital Management Inc’s holdings in Tyson Foods were worth $3,556,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSN. Choreo LLC purchased a new stake in Tyson Foods in the fourth quarter valued at approximately $542,000. Headlands Technologies LLC purchased a new stake in shares of Tyson Foods during the fourth quarter worth $200,000. Golden State Equity Partners purchased a new stake in shares of Tyson Foods during the fourth quarter worth $610,000. Markel Group Inc. increased its position in shares of Tyson Foods by 20.8% during the fourth quarter. Markel Group Inc. now owns 697,500 shares of the company’s stock worth $37,491,000 after acquiring an additional 120,000 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Tyson Foods during the fourth quarter worth $95,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction 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 directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSN shares. Piper Sandler boosted their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Trading Up 0.5 %

Shares of Tyson Foods stock traded up $0.33 during trading on Monday, hitting $60.96. The stock had a trading volume of 1,835,672 shares, compared to its average volume of 2,765,857. The stock has a 50 day simple moving average of $56.97 and a 200 day simple moving average of $52.95. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28. The company has a market capitalization of $21.72 billion, a PE ratio of -24.55, a P/E/G ratio of 0.48 and a beta of 0.77. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same period in the previous year, the company earned $0.85 earnings per share. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is currently -79.35%.

Tyson Foods 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.