Hexagon Capital Partners LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Hexagon Capital Partners LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,774 shares of the company’s stock after purchasing an additional 560 shares during the quarter. Tyson Foods comprises about 0.5% of Hexagon Capital Partners LLC’s holdings, making the stock its 11th biggest holding. Hexagon Capital Partners LLC’s holdings in Tyson Foods were worth $2,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its stake in Tyson Foods by 47.6% during the third quarter. Czech National Bank now owns 49,908 shares of the company’s stock worth $2,520,000 after buying an additional 16,099 shares during the period. Simplicity Solutions LLC boosted its stake in Tyson Foods by 7.6% during the third quarter. Simplicity Solutions LLC now owns 6,199 shares of the company’s stock worth $313,000 after buying an additional 439 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Tyson Foods by 7.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 11,277 shares of the company’s stock worth $569,000 after buying an additional 739 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Tyson Foods by 6.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 80,797 shares of the company’s stock worth $4,079,000 after buying an additional 5,100 shares during the period. Finally, Sweet Financial Partners LLC boosted its stake in Tyson Foods by 32.3% during the third quarter. Sweet Financial Partners LLC now owns 19,121 shares of the company’s stock worth $965,000 after buying an additional 4,665 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Down 0.5 %

NYSE:TSN traded down $0.30 during mid-day trading on Tuesday, hitting $60.66. The stock had a trading volume of 1,878,070 shares, compared to its average volume of 2,758,549. The stock has a 50-day simple moving average of $57.26 and a two-hundred day simple moving average of $53.15. The company has a market capitalization of $21.61 billion, a PE ratio of -24.56, a PEG ratio of 0.48 and a beta of 0.77. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets increased their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group increased their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.80.

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.