Xponance Inc. Has $4.24 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Xponance Inc. lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,922 shares of the company’s stock after acquiring an additional 10,986 shares during the period. Xponance Inc.’s holdings in Tyson Foods were worth $4,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of Tyson Foods by 94.9% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock worth $28,439,000 after purchasing an additional 154,507 shares in the last quarter. Markel Corp grew its stake in Tyson Foods by 2.1% in the first quarter. Markel Corp now owns 384,500 shares of the company’s stock valued at $34,463,000 after acquiring an additional 8,000 shares during the period. Aviva PLC increased its holdings in shares of Tyson Foods by 25.5% during the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock valued at $10,887,000 after acquiring an additional 24,669 shares in the last quarter. Prudential PLC bought a new position in shares of Tyson Foods in the 1st quarter worth $747,000. Finally, Vanguard Group Inc. grew its position in Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Finally, StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $58.80.

Tyson Foods Stock Up 1.8 %

Shares of Tyson Foods stock opened at $59.95 on Friday. The stock has a fifty day moving average price of $56.12 and a 200-day moving average price of $52.47. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. On average, analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Profile

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 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.