Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,774 shares of the company’s stock after acquiring an additional 560 shares during the period. Tyson Foods comprises approximately 0.5% of Hexagon Capital Partners LLC’s holdings, making the stock its 11th largest holding. Hexagon Capital Partners LLC’s holdings in Tyson Foods were worth $2,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TSN. Sugarloaf Wealth Management LLC increased its position in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC grew its stake in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of Tyson Foods in the third quarter worth $39,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent analyst reports. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. BMO Capital Markets increased their price target on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and raised their target price for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.80.

Tyson Foods Stock Down 0.5 %

Tyson Foods stock traded down $0.30 during mid-day trading on Tuesday, hitting $60.66. The company’s stock had a trading volume of 1,878,070 shares, compared to its average volume of 2,758,549. The firm’s 50 day moving average is $57.26 and its 200 day moving average is $53.15. The company has a market cap of $21.61 billion, a PE ratio of -24.56, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $63.28.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same period last year, the business earned $0.85 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

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.