Kera Capital Partners Inc. Acquires 1,975 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kera Capital Partners Inc. raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 55.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,538 shares of the company’s stock after acquiring an additional 1,975 shares during the period. Kera Capital Partners Inc.’s holdings in Tyson Foods were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. 111 Capital purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $1,429,000. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 66.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company’s stock worth $1,017,000 after purchasing an additional 7,092 shares during the period. Probity Advisors Inc. raised its stake in Tyson Foods by 5.0% during the 4th quarter. Probity Advisors Inc. now owns 5,390 shares of the company’s stock valued at $310,000 after buying an additional 256 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Tyson Foods during the 4th quarter valued at $65,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter worth $25,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stephens lowered their target price on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.63.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $55.38 on Thursday. The company has a market capitalization of $19.73 billion, a P/E ratio of 18.71, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm’s 50 day simple moving average is $59.04 and its two-hundred day simple moving average is $59.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. During the same quarter in the previous year, the company earned $0.62 EPS. Tyson Foods’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. Tyson Foods’s dividend payout ratio is currently 77.82%.

Tyson Foods Company 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.