13,130 Shares in Tyson Foods, Inc. $TSN Acquired by Millennium Capital Advisors LLC

Millennium Capital Advisors LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,130 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares in the last quarter. Matrix Trust Co lifted its stake in Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after purchasing an additional 183 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in Tyson Foods by 10.0% during the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Tyson Foods by 1.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares in the last quarter. Finally, Camelot Portfolios LLC lifted its stake in Tyson Foods by 1.3% during the fourth quarter. Camelot Portfolios LLC now owns 17,776 shares of the company’s stock worth $1,042,000 after purchasing an additional 228 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays increased their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a research note on Monday, May 4th. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Down 1.3%

Tyson Foods stock opened at $65.78 on Friday. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The stock has a market cap of $23.16 billion, a PE ratio of 51.79, a P/E/G ratio of 1.35 and a beta of 0.40. The stock’s fifty day moving average is $63.77 and its two-hundred day moving average is $60.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same period last year, the firm earned $0.92 earnings per share. Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.