Caprock Group LLC Takes $1.73 Million Position in Tyson Foods, Inc. $TSN

Caprock Group LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,123 shares of the company’s stock, valued at approximately $1,725,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its holdings in Tyson Foods by 15.6% in the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after buying an additional 3,788 shares during the period. Woodline Partners LP increased its stake in Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after acquiring an additional 7,011 shares during the last quarter. Focus Partners Wealth raised its position in Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after purchasing an additional 3,702 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in Tyson Foods during the second quarter worth $253,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 1.0%

NYSE:TSN opened at $63.91 on Friday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market cap of $22.50 billion, a PE ratio of 114.13, a P/E/G ratio of 1.40 and a beta of 0.48. The firm’s 50 day simple moving average is $60.55 and its 200 day simple moving average is $56.67.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio is presently 364.29%.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their position. The SEC filing for this sale provides additional information. 2.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Barclays raised their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.27.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.