OneDigital Investment Advisors LLC Acquires New Stake in Tyson Foods, Inc. (NYSE:TSN)

OneDigital Investment Advisors LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,221 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in TSN. Park Square Financial Group LLC bought a new stake in Tyson Foods during the fourth quarter worth about $25,000. Curat Global LLC bought a new stake in Tyson Foods during the first quarter worth about $28,000. Ossiam lifted its stake in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after purchasing an additional 184 shares during the last quarter. TCTC Holdings LLC lifted its stake in Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Tyson Foods in the first quarter worth about $53,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $54.21 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $55.58 and its 200-day moving average price is $57.89. Tyson Foods, Inc. has a 52 week low of $53.58 and a 52 week high of $66.88. The stock has a market cap of $19.31 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.72 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 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 Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.69%. Tyson Foods’s dividend payout ratio (DPR) is 77.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TSN shares. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Stephens reduced their price target on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Finally, Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.11.

Tyson Foods Company 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.