Arlington Trust Co LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Arlington Trust Co LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,000 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also recently made changes to their positions in TSN. State Street Corp raised its position in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Barclays PLC increased its position in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after buying an additional 446,648 shares in the last quarter. JPMorgan Chase & Co. increased its position in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Tyson Foods by 149.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock valued at $25,124,000 after buying an additional 252,635 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Tyson Foods by 3,833.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock valued at $12,834,000 after buying an additional 210,000 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on TSN shares. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.10.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $57.69 on Tuesday. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88. The stock’s 50 day moving average price is $58.14 and its 200-day moving average price is $60.24. The company has a market capitalization of $20.55 billion, a PE ratio of 19.49, a PEG ratio of 0.72 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. 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.