Pacer Advisors Inc. Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Pacer Advisors Inc. raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 32.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,965 shares of the company’s stock after buying an additional 9,274 shares during the period. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $2,181,000 as of its most recent SEC filing.

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

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $56.54 on Friday. The firm’s fifty day simple moving average is $58.96 and its 200-day simple moving average is $60.32. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 28th. Tyson Foods’s dividend payout ratio is presently 88.89%.

Insider Transactions at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TSN. Stephens boosted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.80.

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.