Point72 Hong Kong Ltd Purchases New Stake in Tyson Foods, Inc. (TSN)

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Point72 Hong Kong Ltd purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,230 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds also recently modified their holdings of the company. BDO Wealth Advisors LLC lifted its holdings in Tyson Foods by 7.2% in the second quarter. BDO Wealth Advisors LLC now owns 11,975 shares of the company’s stock worth $824,000 after acquiring an additional 802 shares during the last quarter. BKS Advisors LLC lifted its holdings in Tyson Foods by 28.3% in the third quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock worth $225,000 after acquiring an additional 836 shares during the last quarter. Biltmore Wealth Management LLC lifted its holdings in Tyson Foods by 12.0% in the third quarter. Biltmore Wealth Management LLC now owns 7,868 shares of the company’s stock worth $468,000 after acquiring an additional 845 shares during the last quarter. MUFG Americas Holdings Corp lifted its holdings in Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after acquiring an additional 858 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Tyson Foods by 19.2% in the third quarter. Eagle Asset Management Inc. now owns 5,361 shares of the company’s stock worth $319,000 after acquiring an additional 863 shares during the last quarter. 68.49% of the stock is currently owned by institutional investors and hedge funds.

In other Tyson Foods news, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were bought at an average price of $58.01 per share, with a total value of $400,094.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.55% of the company’s stock.

TSN opened at $55.30 on Friday. The company has a market cap of $20.19 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.85 and a beta of 0.11. The company has a current ratio of 1.13, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. Tyson Foods, Inc. has a twelve month low of $54.48 and a twelve month high of $83.03.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.25. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. As a group, analysts anticipate that Tyson Foods, Inc. will post 5.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. Tyson Foods’s payout ratio is 24.35%.

TSN has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Thursday, October 11th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a report on Monday, September 17th. Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. ValuEngine cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. Finally, Standpoint Research initiated coverage on shares of Tyson Foods in a report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Tyson Foods currently has an average rating of “Hold” and a consensus price target of $72.07.

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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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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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).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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