EntryPoint Capital LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

EntryPoint Capital LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,051 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. EverSource Wealth Advisors LLC boosted its stake in Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares during the last quarter. Naples Global Advisors LLC raised its position in Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after purchasing an additional 202 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Tyson Foods by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after purchasing an additional 210 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSN. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Up 2.7 %

Shares of NYSE:TSN opened at $61.58 on Thursday. The company has a market capitalization of $21.94 billion, a PE ratio of 20.81, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business’s fifty day simple moving average is $58.85 and its 200-day simple moving average is $59.63.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.25%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Tyson Foods Company 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.