Entropy Technologies LP Boosts Holdings in Tyson Foods, Inc. $TSN

Entropy Technologies LP grew its position in Tyson Foods, Inc. (NYSE:TSN) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,144 shares of the company’s stock after acquiring an additional 13,537 shares during the quarter. Entropy Technologies LP’s holdings in Tyson Foods were worth $6,544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSN. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 39.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,769 shares of the company’s stock worth $5,788,000 after purchasing an additional 29,160 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Tyson Foods by 2.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock valued at $35,403,000 after purchasing an additional 14,858 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after purchasing an additional 1,480,987 shares during the last quarter. OFI Invest Asset Management purchased a new position in Tyson Foods in the 4th quarter worth about $22,862,000. Finally, JB Capital LLC increased its stake in Tyson Foods by 24.9% in the 4th quarter. JB Capital LLC now owns 79,478 shares of the company’s stock worth $4,659,000 after buying an additional 15,828 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.3%

NYSE TSN opened at $57.47 on Friday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. 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 company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 45.25, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. The company’s 50-day simple moving average is $59.04 and its two-hundred day simple moving average is $61.73.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Equities analysts forecast that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSN. Bank of America lowered their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Sanford C. Bernstein decreased their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.88.

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.