Alpha Paradigm Partners LLC Has $305,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Alpha Paradigm Partners LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 38.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,621 shares of the company’s stock after selling 2,898 shares during the period. Alpha Paradigm Partners LLC’s holdings in Tyson Foods were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its position in Tyson Foods by 3.9% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,552 shares of the company’s stock valued at $306,000 after buying an additional 132 shares during the last quarter. Choate Investment Advisors raised its position in Tyson Foods by 4.5% in the 2nd quarter. Choate Investment Advisors now owns 3,487 shares of the company’s stock valued at $300,000 after buying an additional 150 shares during the last quarter. Strategic Investment Advisors MI raised its position in Tyson Foods by 1.6% in the 3rd quarter. Strategic Investment Advisors MI now owns 9,940 shares of the company’s stock valued at $655,000 after buying an additional 158 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Tyson Foods by 79.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the last quarter. Finally, Zullo Investment Group Inc. raised its position in Tyson Foods by 21.5% in the 3rd quarter. Zullo Investment Group Inc. now owns 948 shares of the company’s stock valued at $63,000 after buying an additional 168 shares during the last quarter. 66.64% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN opened at $57.30 on Wednesday. Tyson Foods, Inc. has a 1 year low of $56.65 and a 1 year high of $99.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 0.66. The stock has a market capitalization of $20.38 billion, a PE ratio of 8.51 and a beta of 0.75. The company’s 50 day simple moving average is $62.30 and its two-hundred day simple moving average is $65.34.

Tyson Foods (NYSE:TSN – Get Rating) last posted its earnings results on Monday, February 6th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.50). The firm had revenue of $13.26 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Tyson Foods had a return on equity of 12.41% and a net margin of 4.54%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 earnings per share. Analysts predict that Tyson Foods, Inc. will post 4.15 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is currently 28.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Tyson Foods from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Tuesday, November 15th. JPMorgan Chase & Co. reduced their target price on shares of Tyson Foods from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, February 7th. Piper Sandler cut their price objective on shares of Tyson Foods from $68.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Sanford C. Bernstein cut their price objective on shares of Tyson Foods to $76.00 in a report on Monday, December 12th. Finally, StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $68.00.

Tyson Foods Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.