Rockefeller Capital Management L.P. Boosts Stock Position in Tyson Foods, Inc. $TSN

Rockefeller Capital Management L.P. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 1,890.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 182,418 shares of the company’s stock after purchasing an additional 173,255 shares during the period. Rockefeller Capital Management L.P.’s holdings in Tyson Foods were worth $10,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after buying an additional 3,788 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after buying an additional 7,011 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Tyson Foods by 84.0% in the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after buying an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Tyson Foods by 100.3% in the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after acquiring an additional 3,702 shares during the period. Finally, Cerity Partners LLC grew its stake in Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after acquiring an additional 48,451 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $57.86 on Thursday. The firm’s fifty day moving average price is $62.37 and its 200-day moving average price is $61.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The stock has a market cap of $20.37 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 160.63%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of analyst reports. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Stephens increased their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.20.

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.