HB Wealth Management LLC Raises Stock Position in Tyson Foods, Inc. $TSN

HB Wealth Management LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 49.6% in the first quarter, Holdings Channel reports. The firm owned 25,805 shares of the company’s stock after buying an additional 8,560 shares during the period. HB Wealth Management LLC’s holdings in Tyson Foods were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. PFG Investments LLC bought a new position in shares of Tyson Foods during the 1st quarter worth $314,000. World Investment Advisors lifted its stake in Tyson Foods by 45.7% in the first quarter. World Investment Advisors now owns 9,077 shares of the company’s stock worth $582,000 after acquiring an additional 2,849 shares during the period. Sierra Summit Advisors LLC grew its holdings in Tyson Foods by 4.5% during the 1st quarter. Sierra Summit Advisors LLC now owns 27,866 shares of the company’s stock worth $1,785,000 after acquiring an additional 1,202 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Tyson Foods by 18.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 176,296 shares of the company’s stock valued at $11,295,000 after purchasing an additional 27,750 shares during the period. Finally, Elevation Point Wealth Partners LLC increased its position in Tyson Foods by 1,073.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 55,100 shares of the company’s stock valued at $3,530,000 after purchasing an additional 50,405 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.1%

NYSE:TSN opened at $58.82 on Wednesday. The company’s 50-day simple moving average is $61.31 and its 200-day simple moving average is $61.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The stock has a market capitalization of $20.71 billion, a P/E ratio of 46.31, a P/E/G ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 4.09 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TSN shares. Bank of America lowered their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Sanford C. Bernstein reduced their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Finally, Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $69.56.

About Tyson Foods

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.