Paloma Partners Management Co Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Paloma Partners Management Co acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,457 shares of the company’s stock, valued at approximately $1,319,000.

Several other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC increased its stake in Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after purchasing an additional 199 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares during the last quarter. Spire Wealth Management grew its holdings in Tyson Foods by 21.7% during the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after buying an additional 239 shares during the last quarter. Allworth Financial LP grew its holdings in Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after buying an additional 245 shares during the last quarter. Finally, Unison Advisors LLC grew its holdings in Tyson Foods by 1.0% during the 4th quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock valued at $1,344,000 after buying an additional 250 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 0.2 %

Tyson Foods stock traded down $0.15 during midday trading on Monday, reaching $60.86. The stock had a trading volume of 1,032,541 shares, compared to its average volume of 2,576,399. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The stock has a market capitalization of $21.73 billion, a PE ratio of -34.19, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. 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 stock’s 50-day simple moving average is $57.51 and its 200 day simple moving average is $56.99.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post 2.61 EPS for the current year.

Tyson Foods Dividend Announcement

The business 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 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. HSBC increased their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. Piper Sandler increased their target price on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets raised their price objective on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th. Finally, Citigroup raised their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.