Savant Capital LLC Has $927,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Savant Capital LLC raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,137 shares of the company’s stock after acquiring an additional 2,668 shares during the quarter. Savant Capital LLC’s holdings in Tyson Foods were worth $927,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TSN. Crossmark Global Holdings Inc. increased its stake in Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the period. Signaturefd LLC raised its stake in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after purchasing an additional 184 shares during the period. PNC Financial Services Group Inc. boosted its stake in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in Tyson Foods by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Price Performance

Shares of TSN stock opened at $57.10 on Friday. Tyson Foods, Inc. has a 1 year low of $52.01 and a 1 year high of $66.88. The company has a current ratio of 2.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $57.66 and its 200-day moving average is $60.17. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.72 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 the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.50%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Insider Buying and Selling at Tyson Foods

In other news, insider Wes Morris sold 25,080 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 381,531 shares of company stock worth $24,341,833. Company insiders own 2.03% of the company’s stock.

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.