Inceptionr LLC Purchases Shares of 41,731 Tyson Foods, Inc. (NYSE:TSN)

Inceptionr LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 41,731 shares of the company’s stock, valued at approximately $2,397,000. Tyson Foods makes up 0.5% of Inceptionr LLC’s investment portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Tyson Foods in the 4th quarter valued at $22,059,000. Arizona State Retirement System grew its holdings in shares of Tyson Foods by 1.3% in the 4th quarter. Arizona State Retirement System now owns 83,017 shares of the company’s stock worth $4,768,000 after purchasing an additional 1,074 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Tyson Foods in the 4th quarter worth about $2,828,000. M&T Bank Corp grew its holdings in shares of Tyson Foods by 5.3% in the 4th quarter. M&T Bank Corp now owns 25,149 shares of the company’s stock worth $1,445,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Tyson Foods by 1.2% in the 4th quarter. Assetmark Inc. now owns 397,511 shares of the company’s stock worth $22,833,000 after purchasing an additional 4,782 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

NYSE TSN opened at $60.79 on Thursday. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52-week low of $53.08 and a 52-week high of $66.88. The business has a 50 day simple moving average of $57.63 and a 200 day simple moving average of $60.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Analysts anticipate 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, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.