Entropy Technologies LP Buys New Position in Tyson Foods, Inc. (NYSE:TSN)

Entropy Technologies LP acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,412 shares of the company’s stock, valued at approximately $1,517,000.

Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Catalyst Capital Advisors LLC increased its holdings in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter worth about $36,000. ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Insider Activity at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last 90 days. Insiders own 2.03% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN stock opened at $57.97 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95. The company has a market capitalization of $20.65 billion, a P/E ratio of 19.58, a P/E/G ratio of 0.72 and a beta of 0.80. The company’s 50-day simple moving average is $58.14 and its two-hundred day simple moving average is $60.24. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Stephens boosted their price target 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 upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $61.10.

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.