TCG Advisory Services LLC Purchases 5,123 Shares of Tyson Foods, Inc. (NYSE:TSN)

TCG Advisory Services LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 72.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,215 shares of the company’s stock after buying an additional 5,123 shares during the quarter. TCG Advisory Services LLC’s holdings in Tyson Foods were worth $657,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank increased its position in Tyson Foods by 3.0% during the 4th quarter. Amalgamated Bank now owns 73,416 shares of the company’s stock valued at $3,946,000 after purchasing an additional 2,170 shares during the period. SRS Capital Advisors Inc. increased its holdings in Tyson Foods by 37.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 4,481 shares of the company’s stock valued at $241,000 after buying an additional 1,226 shares during the period. Fisher Asset Management LLC raised its stake in Tyson Foods by 18.6% in the fourth quarter. Fisher Asset Management LLC now owns 48,507 shares of the company’s stock worth $2,607,000 after buying an additional 7,623 shares in the last quarter. Triumph Capital Management lifted its holdings in Tyson Foods by 30.0% during the fourth quarter. Triumph Capital Management now owns 30,194 shares of the company’s stock worth $1,623,000 after buying an additional 6,963 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in Tyson Foods by 1.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 41,774 shares of the company’s stock valued at $2,245,000 after acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $1.07 during mid-day trading on Friday, hitting $62.02. The stock had a trading volume of 3,879,826 shares, compared to its average volume of 1,801,986. The company has a 50 day moving average of $57.71 and a two-hundred day moving average of $53.36. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The firm has a market cap of $22.10 billion, a PE ratio of -25.11, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data 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. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.16%. Tyson Foods’s payout ratio is currently -79.35%.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods 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 transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSN. The Goldman Sachs Group upped their price objective on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Piper Sandler increased their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Finally, Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.80.

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.