Patrick M Sweeney & Associates Inc. Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Patrick M Sweeney & Associates Inc. acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,006 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC purchased a new position in shares of Tyson Foods in the 3rd quarter valued at about $274,707,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $77,574,000. Royal London Asset Management Ltd. grew its holdings in shares of Tyson Foods by 196.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,904,569 shares of the company’s stock worth $96,200,000 after acquiring an additional 1,261,583 shares during the period. FMR LLC increased its stake in Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Tyson Foods during the third quarter worth $18,659,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. HSBC upped their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. The Goldman Sachs Group upped their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets raised their price target on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.60.

Tyson Foods Trading Up 0.7 %

Tyson Foods stock traded up $0.39 during trading on Tuesday, hitting $58.89. The company’s stock had a trading volume of 3,502,995 shares, compared to its average volume of 2,877,537. The stock’s fifty day moving average is $57.89 and its 200 day moving average is $53.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of -23.84, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio is presently -79.35%.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.05% of the company’s stock.

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.