Caerus Investment Advisors LLC Invests $511,000 in Tyson Foods, Inc. $TSN

Caerus Investment Advisors LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, Holdings Channel.com reports. The fund bought 9,415 shares of the company’s stock, valued at approximately $511,000.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC bought a new position in shares of Tyson Foods in the third quarter valued at about $28,000. MTM Investment Management LLC bought a new position in shares of Tyson Foods in the second quarter valued at about $36,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after buying an additional 322 shares during the last quarter. Finally, Caldwell Trust Co bought a new stake in shares of Tyson Foods during the 3rd quarter worth about $38,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TSN. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. BMO Capital Markets boosted their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Stock Performance

NYSE TSN opened at $62.11 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $21.87 billion, a P/E ratio of 110.90, a P/E/G ratio of 1.36 and a beta of 0.47. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The firm has a 50-day moving average price of $62.49 and a two-hundred day moving average price of $57.71.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.