Custom Index Systems LLC Buys 1,052 Shares of Tyson Foods, Inc. (NYSE:TSN)

Custom Index Systems LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,731 shares of the company’s stock after purchasing an additional 1,052 shares during the quarter. Custom Index Systems LLC’s holdings in Tyson Foods were worth $1,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fiduciary Advisors Inc. bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $53,000. OLD National Bancorp IN lifted its stake in Tyson Foods by 11.4% in the 4th quarter. OLD National Bancorp IN now owns 269,512 shares of the company’s stock worth $15,481,000 after purchasing an additional 27,591 shares in the last quarter. Forsta AP Fonden boosted its holdings in Tyson Foods by 49.1% in the 4th quarter. Forsta AP Fonden now owns 83,500 shares of the company’s stock valued at $4,796,000 after purchasing an additional 27,500 shares during the period. R Squared Ltd purchased a new position in shares of Tyson Foods during the 4th quarter valued at $175,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Tyson Foods by 32.3% in the fourth quarter. Pacer Advisors Inc. now owns 37,965 shares of the company’s stock worth $2,181,000 after purchasing an additional 9,274 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.4 %

Shares of NYSE:TSN opened at $56.54 on Friday. The stock has a market capitalization of $20.12 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. The stock’s 50-day moving average price is $58.96 and its 200-day moving average price is $60.32. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.54%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is presently 88.89%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday. Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. Finally, Stephens lifted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.80.

Insider Buying and Selling at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by insiders.

Tyson Foods 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.