Eurizon Capital SGR S.p.A. Acquires Shares of 25,584 Tyson Foods, Inc. $TSN

Eurizon Capital SGR S.p.A. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, HoldingsChannel reports. The fund acquired 25,584 shares of the company’s stock, valued at approximately $1,500,000.

Several other large investors also recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in shares of Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after purchasing an additional 157 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares in the last quarter. Matrix Trust Co raised its position in Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after purchasing an additional 183 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Tyson Foods by 1.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock valued at $975,000 after buying an additional 210 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Tyson Foods stock opened at $59.64 on Wednesday. The stock’s 50 day moving average is $64.57 and its 200 day moving average is $61.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The firm has a market cap of $21.00 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.23 and a beta of 0.38. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. As a group, research analysts expect that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research analyst reports. Mizuho initiated coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.27.

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.