Cookson Peirce & Co. Inc. Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Cookson Peirce & Co. Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 9,206 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSN. Crossmark Global Holdings Inc. increased its stake in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after buying an additional 184 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares during the period. Naples Global Advisors LLC increased its stake in shares of Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after buying an additional 202 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $60.79 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market cap of $21.65 billion, a PE ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72. The business has a 50-day simple moving average of $57.63 and a two-hundred day simple moving average of $60.00. Tyson Foods, Inc. has a fifty-two week low of $53.08 and a fifty-two week high of $66.88.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of recent research reports. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $61.10.

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.