Golden State Equity Partners Invests $610,000 in Tyson Foods, Inc. (NYSE:TSN)

Golden State Equity Partners purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,351 shares of the company’s stock, valued at approximately $610,000.

Other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its stake in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. Manchester Capital Management LLC grew its position in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Lindbrook Capital LLC lifted its stake in Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new position in Tyson Foods during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSN shares. Citigroup lifted their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group boosted their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Stephens restated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Piper Sandler upped their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, BMO Capital Markets increased their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $58.80.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following 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 filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Price Performance

TSN stock traded down $0.26 during mid-day trading on Friday, reaching $60.63. 1,402,753 shares of the company’s stock were exchanged, compared to its average volume of 1,872,515. The company has a market cap of $21.61 billion, a price-to-earnings ratio of -24.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77. The stock’s 50 day moving average is $56.97 and its 200 day moving average is $52.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.23%. Tyson Foods’s dividend payout ratio (DPR) 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.