Intellectus Partners LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Intellectus Partners LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,095 shares of the company’s stock after purchasing an additional 480 shares during the period. Intellectus Partners LLC’s holdings in Tyson Foods were worth $644,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in Tyson Foods by 10.0% during the 4th 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 last quarter. Syon Capital LLC raised its holdings in Tyson Foods by 5.1% during the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after purchasing an additional 174 shares in the last quarter. Norinchukin Bank The lifted its position in Tyson Foods by 1.7% in the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock valued at $632,000 after purchasing an additional 184 shares during the period. Ossiam boosted its holdings in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 184 shares in the last quarter. Finally, Covestor Ltd increased its position in Tyson Foods by 10.4% during the 4th quarter. Covestor Ltd now owns 2,113 shares of the company’s stock worth $121,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.1%

Shares of TSN stock opened at $55.32 on Friday. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $58.18 and a 200-day simple moving average of $59.02. The stock has a market cap of $19.71 billion, a P/E ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. Tyson Foods’s dividend payout ratio (DPR) is 77.82%.

Analysts Set New Price Targets

Several analysts have recently commented on TSN shares. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Stephens reduced their target price on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.63.

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.