MBB Public Markets I LLC Makes New $1.16 Million Investment in Tyson Foods, Inc. (NYSE:TSN)

MBB Public Markets I LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, HoldingsChannel reports. The firm purchased 20,270 shares of the company’s stock, valued at approximately $1,158,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Tyson Foods by 13.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the period. Ridgewood Investments LLC lifted its stake in Tyson Foods by 0.8% during the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after acquiring an additional 199 shares in the last quarter. Unison Advisors LLC boosted its holdings in Tyson Foods by 0.8% during the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after acquiring an additional 214 shares during the period. Caprock Group LLC grew its position in Tyson Foods by 2.5% in the 2nd quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock valued at $546,000 after acquiring an additional 235 shares in the last quarter. Finally, WealthTrust Asset Management LLC increased its stake in Tyson Foods by 1.2% during the second quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company’s stock worth $1,164,000 after purchasing an additional 242 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSN. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Trading Down 0.2 %

TSN opened at $59.56 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. The company has a market cap of $21.19 billion, a P/E ratio of -33.46, a PEG ratio of 0.41 and a beta of 0.78. The business’s 50-day simple moving average is $62.06 and its 200-day simple moving average is $59.58.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

About Tyson Foods

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.