Gibraltar Capital Management Inc. Acquires 1,148 Shares of Tyson Foods, Inc. (NYSE:TSN)

Gibraltar Capital Management Inc. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,059 shares of the company’s stock after acquiring an additional 1,148 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in Tyson Foods were worth $756,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. Czech National Bank increased its stake in shares of Tyson Foods by 47.6% in the third quarter. Czech National Bank now owns 49,908 shares of the company’s stock valued at $2,520,000 after buying an additional 16,099 shares during the period. Simplicity Solutions LLC lifted its position in shares of Tyson Foods by 7.6% in the 3rd quarter. Simplicity Solutions LLC now owns 6,199 shares of the company’s stock worth $313,000 after purchasing an additional 439 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Tyson Foods by 7.0% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 11,277 shares of the company’s stock valued at $569,000 after purchasing an additional 739 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Tyson Foods by 6.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 80,797 shares of the company’s stock worth $4,079,000 after buying an additional 5,100 shares during the period. Finally, Sweet Financial Partners LLC raised its stake in Tyson Foods by 32.3% during the third quarter. Sweet Financial Partners LLC now owns 19,121 shares of the company’s stock worth $965,000 after buying an additional 4,665 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. 2.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSN. Piper Sandler increased their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. The Goldman Sachs Group increased their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Stock Performance

TSN traded down $0.30 during trading on Tuesday, hitting $60.66. 1,878,070 shares of the company traded hands, compared to its average volume of 2,758,549. The firm has a market cap of $21.61 billion, a P/E ratio of -24.56, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The stock’s fifty day moving average is $57.26 and its 200 day moving average is $53.15.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.41 by $0.28. The business 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%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio is currently -79.35%.

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.