Entropy Technologies LP boosted its holdings in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 15.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 102,144 shares of the company’s stock after buying an additional 13,537 shares during the period. Entropy Technologies LP’s holdings in Tyson Foods were worth $6,544,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Tyson Foods by 263.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 40,623 shares of the company’s stock valued at $2,603,000 after acquiring an additional 29,434 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Tyson Foods by 1.6% during the first quarter. Gabelli Funds LLC now owns 76,800 shares of the company’s stock worth $4,921,000 after purchasing an additional 1,200 shares in the last quarter. Morningstar Investment Management LLC raised its stake in Tyson Foods by 7.8% during the 1st quarter. Morningstar Investment Management LLC now owns 34,577 shares of the company’s stock valued at $2,215,000 after purchasing an additional 2,498 shares during the period. Compound Planning Inc. purchased a new position in Tyson Foods in the 1st quarter worth approximately $219,000. Finally, Modern Wealth Management LLC lifted its holdings in Tyson Foods by 3.7% in the 1st quarter. Modern Wealth Management LLC now owns 8,658 shares of the company’s stock worth $557,000 after purchasing an additional 305 shares in the last quarter. 67.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein dropped their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, JPMorgan Chase & Co. cut their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.88.
Tyson Foods Stock Performance
Shares of NYSE:TSN opened at $57.47 on Friday. The firm has a fifty day simple moving average of $59.04 and a two-hundred day simple moving average of $61.73. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $20.24 billion, a P/E ratio of 45.25, a PEG ratio of 1.18 and a beta of 0.40.
Tyson Foods (NYSE:TSN – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the prior year, the company earned $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.
Tyson Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio is 160.63%.
Tyson Foods Profile
Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.
The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.
Read More
- Five stocks we like better than Tyson Foods
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN – Free Report).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.
