Tyson Foods, Inc. (NYSE:TSN) Holdings Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 134.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,905 shares of the company’s stock after buying an additional 5,688 shares during the quarter. Farther Finance Advisors LLC’s holdings in Tyson Foods were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TSN. Atria Investments Inc grew its stake in shares of Tyson Foods by 37.8% in the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after purchasing an additional 3,782 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $339,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Tyson Foods by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock worth $44,083,000 after purchasing an additional 4,962 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Tyson Foods by 43.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock worth $897,000 after purchasing an additional 4,548 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Tyson Foods by 7.9% in the 3rd quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock worth $2,481,000 after purchasing an additional 3,043 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $59.87 on Friday. The company’s 50 day moving average price is $58.04 and its 200 day moving average price is $59.88. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a market capitalization of $21.33 billion, a PE ratio of 20.23, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSN. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.10.

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 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.