11,582 Shares in Tyson Foods, Inc. $TSN Bought by Nwam LLC

Nwam LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,582 shares of the company’s stock, valued at approximately $742,000.

A number of other hedge funds also recently added to or reduced their stakes in TSN. Empowered Funds LLC lifted its position 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 purchasing an additional 3,788 shares during the last quarter. Woodline Partners LP increased its stake in shares of 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 purchasing an additional 7,011 shares during the period. Focus Partners Wealth increased its stake in shares of Tyson Foods by 84.0% in 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 during the period. Sivia Capital Partners LLC raised its holdings in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after buying an additional 3,702 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after buying an additional 48,451 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSN shares. Bank of America lowered their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Mizuho initiated coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.56.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $57.80 on Friday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a market cap of $20.35 billion, a P/E ratio of 45.51, a PEG ratio of 1.18 and a beta of 0.40. The stock has a fifty day moving average price of $60.20 and a two-hundred day moving average price of $61.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Tyson Foods, Inc. will post 4.12 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 160.63%.

Tyson Foods Company 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.