Pallas Capital Advisors LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Pallas Capital Advisors LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,172 shares of the company's stock, valued at approximately $777,000.

A number of other hedge funds also recently bought and sold shares of TSN. Bleakley Financial Group LLC boosted its position in shares of Tyson Foods by 11.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,962 shares of the company's stock valued at $285,000 after acquiring an additional 503 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in Tyson Foods in the 4th quarter valued at $228,000. Kingsview Wealth Management LLC lifted its stake in Tyson Foods by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company's stock worth $311,000 after acquiring an additional 376 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Tyson Foods by 84.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,216 shares of the company's stock valued at $702,000 after buying an additional 5,580 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens cut their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Down 1.7%

Shares of TSN stock traded down $0.92 during trading on Friday, reaching $54.75. The company's stock had a trading volume of 3,090,025 shares, compared to its average volume of 2,397,438. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.74 and a beta of 0.60. The stock's 50-day moving average price is $57.67 and its 200 day moving average price is $58.74. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter last year, the business earned $0.62 EPS. The business's revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is currently 77.82%.

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.