J.W. Cole Advisors Inc. Takes Position in Tyson Foods, Inc. (NYSE:TSN)

J.W. Cole Advisors Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,770 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% during 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. Allworth Financial LP lifted its position in shares of Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after acquiring an additional 245 shares during the period. Caprock Group LLC lifted its position in shares of Tyson Foods by 2.7% during the 3rd quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock valued at $470,000 after acquiring an additional 248 shares during the period. Arete Wealth Advisors LLC lifted its position in shares of Tyson Foods by 3.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock worth $353,000 after buying an additional 250 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC lifted its position in shares of Tyson Foods by 5.2% during the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock worth $255,000 after buying an additional 250 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSN. Stephens restated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. Citigroup upped their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Piper Sandler upped their price objective on Tyson Foods from $44.00 to $48.00 and gave the stock 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 objective for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued 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 a consensus price target of $58.80.

Tyson Foods Price Performance

Tyson Foods stock opened at $60.96 on Wednesday. The stock has a 50-day moving average price of $56.47 and a two-hundred day moving average price of $52.68. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.22%. Tyson Foods’s payout ratio is -79.35%.

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.