Keene & Associates Inc. Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Keene & Associates Inc. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 60,123 shares of the company’s stock after acquiring an additional 1,047 shares during the period. Tyson Foods makes up about 2.8% of Keene & Associates Inc.’s investment portfolio, making the stock its 12th largest holding. Keene & Associates Inc.’s holdings in Tyson Foods were worth $3,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC raised its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the period. Brooklyn Investment Group raised its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the fourth quarter valued at $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Tyson Foods in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction 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 sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by company insiders.

Tyson Foods Price Performance

TSN opened at $57.88 on Wednesday. The stock has a 50-day moving average price of $57.35 and a 200-day moving average price of $60.09. Tyson Foods, Inc. has a 12-month low of $52.11 and a 12-month high of $66.88. 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 stock has a market capitalization of $20.61 billion, a P/E ratio of 19.55, a PEG ratio of 0.71 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler upgraded 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. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.10.

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.