Sage Capital Advisors llc Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Sage Capital Advisors llc reduced its stake in Tyson Foods, Inc. (NYSE:TSNFree Report) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,136 shares of the company’s stock after selling 1,649 shares during the quarter. Tyson Foods accounts for approximately 1.5% of Sage Capital Advisors llc’s portfolio, making the stock its 21st largest holding. Sage Capital Advisors llc’s holdings in Tyson Foods were worth $4,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walker Asset Management LLC raised its stake in Tyson Foods by 3.9% in the 4th quarter. Walker Asset Management LLC now owns 23,010 shares of the company’s stock valued at $1,237,000 after acquiring an additional 869 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Anchor Investment Management LLC bought a new stake in Tyson Foods in the 4th quarter valued at about $140,000. Headinvest LLC bought a new stake in Tyson Foods in the 3rd quarter valued at about $43,000. Finally, Sunbelt Securities Inc. raised its stake in Tyson Foods by 13.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,280 shares of the company’s stock valued at $368,000 after acquiring an additional 876 shares during the period. 63.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TSN shares. Piper Sandler upped their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup started coverage on Tyson Foods in a research report on Thursday, February 1st. They set a “neutral” rating and a $56.00 price target on the stock. Finally, BMO Capital Markets upped their price target on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.60.

Read Our Latest Research Report on Tyson Foods

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 0.2 %

Shares of TSN opened at $56.15 on Friday. The firm has a market cap of $20.01 billion, a P/E ratio of -22.73, a P/E/G ratio of 0.44 and a beta of 0.76. The stock has a 50 day simple moving average of $54.20 and a two-hundred day simple moving average of $51.37. 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:TSNGet Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The business had revenue of $13.32 billion during 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%. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that Tyson Foods, Inc. will post 2.34 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Tyson Foods Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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