North Dakota State Investment Board acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 9,623 shares of the company’s stock, valued at approximately $564,000.
Other institutional investors have also modified their holdings of the company. City Holding Co. bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in shares of Tyson Foods during the 3rd quarter valued at about $28,000. Activest Wealth Management grew its position in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the last quarter. ORG Partners LLC grew its position in shares of Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after buying an additional 322 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.
Wall Street Analyst Weigh In
TSN has been the subject of a number of recent research reports. Stephens boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Mizuho began coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Finally, Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $68.27.
Tyson Foods Trading Down 0.1%
Tyson Foods stock opened at $66.44 on Friday. 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 firm has a 50-day moving average price of $64.19 and a two-hundred day moving average price of $61.13. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.37 and a beta of 0.40. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48.
Tyson Foods (NYSE:TSN – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. Sell-side analysts expect that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.
Tyson Foods Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 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.
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