Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,890 shares of the company’s stock after purchasing an additional 827 shares during the quarter. Blue Trust Inc.’s holdings in Tyson Foods were worth $351,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares during the period. Barclays PLC boosted its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Tyson Foods by 149.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock valued at $25,124,000 after buying an additional 252,635 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Tyson Foods by 3,833.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock worth $12,834,000 after buying an additional 210,000 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’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 owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Bank of America dropped their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Two research 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. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $60.80.

Tyson Foods Stock Performance

Tyson Foods stock opened at $56.54 on Friday. The stock has a fifty day moving average price of $58.82 and a 200 day moving average price of $60.31. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88. The firm has a market capitalization of $20.12 billion, a P/E ratio of 25.13, a PEG ratio of 0.85 and a beta of 0.81. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s dividend payout ratio is currently 88.89%.

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.