Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Boosted by Sigma Planning Corp

Sigma Planning Corp lifted its position in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 78.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,908 shares of the company’s stock after acquiring an additional 4,793 shares during the period. Sigma Planning Corp’s holdings in Tyson Foods were worth $939,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Partners LLC bought a new position in Tyson Foods in the 2nd quarter valued at about $25,000. Core Alternative Capital grew its position in Tyson Foods by 136.2% in the 2nd quarter. Core Alternative Capital now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 177 shares in the last quarter. Hallmark Capital Management Inc. bought a new position in Tyson Foods in the 2nd quarter valued at about $26,000. Tcwp LLC bought a new position in Tyson Foods in the 1st quarter valued at about $28,000. Finally, Artemis Wealth Advisors LLC bought a new position in Tyson Foods in the 2nd quarter valued at about $31,000. Institutional investors own 68.55% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $65.52 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Tyson Foods, Inc. has a one year low of $62.94 and a one year high of $100.72. The firm has a market capitalization of $23.56 billion, a PE ratio of 7.35 and a beta of 0.72. The firm has a 50-day moving average of $67.41 and a two-hundred day moving average of $78.23.

Tyson Foods (NYSE:TSNGet Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Tyson Foods had a net margin of 6.08% and a return on equity of 16.62%. The firm had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.49 billion. During the same period in the prior year, the company posted $2.30 earnings per share. Tyson Foods’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Tyson Foods, Inc. will post 6.63 earnings per share for the current year.

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.48 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $1.92 dividend on an annualized basis and a yield of 2.93%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.46. Tyson Foods’s dividend payout ratio is currently 20.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSN. The Goldman Sachs Group decreased their target price on shares of Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday. Argus lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, Bank of America lowered shares of Tyson Foods from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $73.00 to $61.00 in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.22.

Tyson Foods Profile

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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