Riverview Trust Co Buys 445 Shares of Tyson Foods, Inc. (NYSE:TSN)

Riverview Trust Co grew its position in Tyson Foods, Inc. (NYSE:TSN) by 3,423.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 458 shares of the company’s stock after buying an additional 445 shares during the period. Riverview Trust Co’s holdings in Tyson Foods were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the third quarter worth about $36,000. SRS Capital Advisors Inc. lifted its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $42,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $61.35 on Friday. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 1-year low of $52.11 and a 1-year high of $66.88. The company’s fifty day simple moving average is $57.43 and its 200 day simple moving average is $60.03. 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 announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research note on Tuesday, February 4th. Finally, UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $61.10.

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.