Signaturefd LLC Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Signaturefd LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,727 shares of the company’s stock after purchasing an additional 175 shares during the period. Signaturefd LLC’s holdings in Tyson Foods were worth $162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock valued at $553,000 after acquiring an additional 336 shares in the last quarter. LVW Advisors LLC bought a new position in Tyson Foods in the 1st quarter worth $317,000. Allspring Global Investments Holdings LLC lifted its position in shares of Tyson Foods by 1,068.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 217,479 shares of the company’s stock worth $12,773,000 after purchasing an additional 198,863 shares during the period. State of Michigan Retirement System boosted its stake in shares of Tyson Foods by 0.4% during the 1st quarter. State of Michigan Retirement System now owns 96,728 shares of the company’s stock valued at $5,681,000 after purchasing an additional 400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Tyson Foods by 1.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 687,851 shares of the company’s stock valued at $40,397,000 after buying an additional 7,833 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $58.67 on Monday. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year high of $66.88. The firm’s 50-day moving average is $61.27 and its 200 day moving average is $59.70. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of -32.96, a PEG ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays lifted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Bank of America dropped their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, BMO Capital Markets increased 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $59.22.

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.