Leonteq Securities AG Invests $483,000 in Tyson Foods, Inc. $TSN

Leonteq Securities AG bought a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 8,242 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods in the 3rd quarter worth about $28,000. City Holding Co. purchased a new stake in shares of Tyson Foods in the 4th quarter worth about $29,000. Activest Wealth Management lifted its position in shares of Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. ORG Partners LLC lifted its position in shares of Tyson Foods by 2,519.2% in the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after purchasing an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Tyson Foods by 110.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TSN. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Trading Down 2.1%

Shares of NYSE TSN opened at $65.10 on Friday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The stock has a market cap of $22.92 billion, a P/E ratio of 51.26, a price-to-earnings-growth ratio of 1.34 and a beta of 0.40. The firm has a 50-day moving average of $64.29 and a 200 day moving average of $61.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (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 was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

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.