Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in Tyson Foods, Inc. (NYSE:TSN)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, HoldingsChannel reports. The firm bought 8,965 shares of the company’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TSN. HB Wealth Management LLC raised its holdings in shares of Tyson Foods by 28.7% during the fourth quarter. HB Wealth Management LLC now owns 6,360 shares of the company’s stock valued at $342,000 after purchasing an additional 1,417 shares during the period. Planned Solutions Inc. acquired a new position in shares of Tyson Foods during the fourth quarter valued at about $75,000. Global Retirement Partners LLC raised its holdings in shares of Tyson Foods by 64.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,265 shares of the company’s stock valued at $69,000 after purchasing an additional 495 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Tyson Foods by 9.3% during the fourth quarter. AlphaMark Advisors LLC now owns 9,750 shares of the company’s stock valued at $524,000 after purchasing an additional 830 shares during the period. Finally, Unison Advisors LLC raised its holdings in shares of Tyson Foods by 1.0% during the fourth quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock valued at $1,344,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.5 %

Shares of TSN stock opened at $60.29 on Friday. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The company has a 50-day simple moving average of $57.49 and a two-hundred day simple moving average of $56.88. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of -33.87, a PEG ratio of 0.45 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 2.61 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s payout ratio is -110.11%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSN shares. Citigroup upped their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group boosted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.00.

Tyson Foods Profile

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.