Hennessy Advisors Inc. Invests $1.95 Million in Tyson Foods, Inc. $TSN

Hennessy Advisors Inc. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 34,068 shares of the company’s stock, valued at approximately $1,950,000.

Several other institutional investors have also added to or reduced their stakes in TSN. IFP Advisors Inc raised its holdings in shares of Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after acquiring an additional 157 shares in the last quarter. Groupama Asset Managment boosted its position in shares of Tyson Foods by 1.3% during the 1st quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after acquiring an additional 159 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after purchasing an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Tyson Foods by 4.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after purchasing an additional 166 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSN shares. HSBC lowered their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Piper Sandler restated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Stephens increased their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein reduced their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $70.67.

Tyson Foods Stock Down 1.0%

Shares of NYSE:TSN opened at $55.87 on Thursday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The business has a 50 day simple moving average of $57.78 and a two-hundred day simple moving average of $61.73. The firm has a market capitalization of $19.66 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s dividend payout ratio (DPR) is presently 125.93%.

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.