Chicago Partners Investment Group LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 46.6% during the 1st quarter, Holdings Channel reports. The fund owned 29,324 shares of the company’s stock after purchasing an additional 9,322 shares during the period. Chicago Partners Investment Group LLC’s holdings in Tyson Foods were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in shares of Tyson Foods in the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Tyson Foods during the first quarter valued at about $30,000. Cedar Mountain Advisors LLC lifted its holdings in Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after purchasing an additional 364 shares during the period. Finally, Activest Wealth Management lifted its holdings in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.
Analyst Ratings Changes
TSN has been the topic of several research analyst reports. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Bank of America reduced their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho assumed coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective on the stock. Finally, Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.56.
Tyson Foods Trading Down 0.7%
Shares of Tyson Foods stock opened at $57.50 on Wednesday. The business has a fifty day simple moving average of $60.61 and a 200-day simple moving average of $61.82. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.
Tyson Foods (NYSE:TSN – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.
Tyson Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s payout ratio is currently 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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