Gibraltar Capital Management Inc. Purchases 1,148 Shares of Tyson Foods, Inc. (NYSE:TSN)

Gibraltar Capital Management Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,059 shares of the company’s stock after purchasing an additional 1,148 shares during the period. Gibraltar Capital Management Inc.’s holdings in Tyson Foods were worth $756,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Sugarloaf Wealth Management LLC boosted its position in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC grew its position in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the period. Finally, Montag A & Associates Inc. bought a new position in Tyson Foods during the third quarter valued at about $39,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TSN shares. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Stephens reaffirmed an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. Piper Sandler upped their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.80.

Tyson Foods Price Performance

Shares of TSN traded down $0.30 on Tuesday, hitting $60.66. The company’s stock had a trading volume of 1,878,070 shares, compared to its average volume of 2,758,549. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The company has a market capitalization of $21.61 billion, a PE ratio of -24.56, a PEG ratio of 0.48 and a beta of 0.77. The company has a 50 day moving average price of $57.26 and a 200 day moving average price of $53.15. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. 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 business posted $0.85 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is currently owned by corporate insiders.

About Tyson Foods

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.