Integrated Advisors Network LLC Acquires New Shares in Tyson Foods, Inc. (NYSE:TSN)

Integrated Advisors Network LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to its most recent filing with the SEC. The fund acquired 55,419 shares of the company’s stock, valued at approximately $3,536,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. EverSource Wealth Advisors LLC increased its stake in Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after acquiring an additional 173 shares during the last quarter. Syon Capital LLC increased its stake in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after acquiring an additional 174 shares during the last quarter. Norinchukin Bank The increased its stake in Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock worth $632,000 after acquiring an additional 184 shares during the last quarter. Ossiam increased its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares during the last quarter. Finally, Covestor Ltd increased its stake in Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company’s stock worth $121,000 after acquiring an additional 199 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 0.7%

Shares of TSN stock opened at $55.31 on Thursday. The stock has a market capitalization of $19.70 billion, a PE ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The business has a 50-day moving average of $57.78 and a 200 day moving average of $58.85. 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 issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 77.82%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSN shares. Stephens decreased their target price on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $62.63.

Tyson Foods 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.