Ipsen Advisor Group LLC Makes New $627,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Ipsen Advisor Group LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,907 shares of the company’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its position in Tyson Foods by 20.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,236 shares of the company’s stock worth $17,073,000 after buying an additional 50,495 shares during the last quarter. EntryPoint Capital LLC bought a new position in Tyson Foods during the 4th quarter valued at about $348,000. CoreFirst Bank & Trust purchased a new stake in Tyson Foods in the 4th quarter worth about $115,000. Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock worth $2,051,433,000 after acquiring an additional 325,361 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Tyson Foods by 2.1% during the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company’s stock valued at $12,003,000 after acquiring an additional 4,266 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TSN shares. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $59.93 on Wednesday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a fifty day moving average price of $58.74 and a 200-day moving average price of $59.62. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $21.35 billion, a PE ratio of 20.25, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the firm posted $0.69 EPS. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

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.