Empower Advisory Group LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,616 shares of the company’s stock, valued at approximately $334,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in TSN. CENTRAL TRUST Co increased its stake in Tyson Foods by 14.1% during the first quarter. CENTRAL TRUST Co now owns 15,651 shares of the company’s stock valued at $928,000 after purchasing an additional 1,931 shares during the last quarter. Numerai GP LLC increased its stake in Tyson Foods by 3,457.0% during the first quarter. Numerai GP LLC now owns 155,585 shares of the company’s stock valued at $9,229,000 after purchasing an additional 151,211 shares during the last quarter. Laffer Tengler Investments increased its stake in Tyson Foods by 7,777.8% during the fourth quarter. Laffer Tengler Investments now owns 2,127 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares during the last quarter. ExodusPoint Capital Management LP boosted its holdings in shares of Tyson Foods by 103.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 116,138 shares of the company’s stock valued at $7,230,000 after acquiring an additional 59,168 shares during the period. Finally, Copperwynd Financial LLC boosted its holdings in shares of Tyson Foods by 9.2% during the first quarter. Copperwynd Financial LLC now owns 7,766 shares of the company’s stock valued at $461,000 after acquiring an additional 653 shares during the period. Institutional investors own 63.68% of the company’s stock.
Tyson Foods Stock Performance
TSN stock opened at $54.54 on Friday. The company has a market capitalization of $19.39 billion, a P/E ratio of 59.28 and a beta of 0.78. The company has a 50-day simple moving average of $53.66 and a 200 day simple moving average of $54.66. Tyson Foods, Inc. has a fifty-two week low of $47.11 and a fifty-two week high of $74.07. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.47.
Tyson Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 208.70%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Tyson Foods from $52.00 to $50.00 in a report on Thursday, June 1st. BMO Capital Markets boosted their price target on shares of Tyson Foods from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, August 8th. Finally, StockNews.com began coverage on shares of Tyson Foods in a report on Thursday, August 17th. They set a “sell” rating for the company. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.75.
About Tyson Foods
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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.
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