Xponance Inc. Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Xponance Inc. boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,692 shares of the company’s stock after purchasing an additional 1,793 shares during the period. Xponance Inc.’s holdings in Tyson Foods were worth $3,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. EverSource Wealth Advisors LLC grew its stake in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after acquiring an additional 173 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after purchasing an additional 184 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after purchasing an additional 202 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Tyson Foods by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock valued at $1,131,000 after buying an additional 210 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

NYSE TSN opened at $60.40 on Friday. The company has a market capitalization of $21.52 billion, a P/E ratio of 20.41, a P/E/G 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, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a fifty day moving average of $58.43 and a 200-day moving average of $59.80.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.87% and a net margin of 1.96%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s payout ratio is 67.57%.

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.