Inceptionr LLC Invests $2.40 Million in Tyson Foods, Inc. (NYSE:TSN)

Inceptionr LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,731 shares of the company’s stock, valued at approximately $2,397,000. Tyson Foods makes up about 0.5% of Inceptionr LLC’s portfolio, making the stock its largest holding.

Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Tyson Foods during the fourth quarter valued at approximately $22,059,000. Arizona State Retirement System grew its position in Tyson Foods by 1.3% during the fourth quarter. Arizona State Retirement System now owns 83,017 shares of the company’s stock valued at $4,768,000 after purchasing an additional 1,074 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Tyson Foods during the fourth quarter valued at approximately $2,828,000. M&T Bank Corp grew its position in Tyson Foods by 5.3% during the fourth quarter. M&T Bank Corp now owns 25,149 shares of the company’s stock valued at $1,445,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Assetmark Inc. grew its position in Tyson Foods by 1.2% during the fourth quarter. Assetmark Inc. now owns 397,511 shares of the company’s stock valued at $22,833,000 after purchasing an additional 4,782 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSN has been the subject of a number of analyst reports. Citigroup reduced their target price 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, January 31st. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $60.79 on Thursday. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.08 and a 1-year high of $66.88. The firm has a fifty day simple moving average of $57.63 and a 200-day simple moving average of $60.00. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

Tyson Foods Company 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.