Curat Global LLC Invests $28,000 in Tyson Foods, Inc. (NYSE:TSN)

Curat Global LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to its most recent filing with the SEC. The firm purchased 444 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after purchasing an additional 173 shares during the period. Syon Capital LLC raised its stake in Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after buying an additional 174 shares during the period. Norinchukin Bank The lifted its holdings in Tyson Foods by 1.7% during the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock worth $632,000 after acquiring an additional 184 shares in the last quarter. Ossiam grew its stake in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after acquiring an additional 184 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Tyson Foods by 10.4% in the fourth quarter. Covestor Ltd now owns 2,113 shares of the company’s stock worth $121,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TSN shares. Stephens cut their price objective on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Citigroup increased their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $62.63.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.32 on Friday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company’s fifty day simple moving average is $58.18 and its 200-day simple moving average is $59.02. The firm has a market cap of $19.71 billion, a PE ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 77.82%.

About Tyson Foods

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.