Studio Investment Management LLC Purchases Shares of 1,350 Tyson Foods, Inc. (NYSE:TSN)

Studio Investment Management LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,350 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares during the last quarter. Ridgewood Investments LLC increased its stake in Tyson Foods by 0.8% in the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after acquiring an additional 199 shares during the last quarter. Lindbrook Capital LLC raised its position in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares in the last quarter. Unison Advisors LLC lifted its stake in Tyson Foods by 0.8% during the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after purchasing an additional 214 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Tyson Foods by 2.5% in the 2nd quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after purchasing an additional 235 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of recent research reports. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.44.

Tyson Foods Price Performance

Shares of TSN stock opened at $61.65 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm has a market cap of $21.94 billion, a P/E ratio of -34.63, a P/E/G ratio of 0.46 and a beta of 0.78. The business’s 50 day moving average price is $61.36 and its 200-day moving average price is $58.98. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.18%. Tyson Foods’s payout ratio is -110.11%.

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.