1834 Investment Advisors Co. Grows Stake in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• 1834 Investment Advisors Co. increased its holdings in Tyson Foods by 19.3% in the first quarter, now owning 52,520 shares valued at $3.35 million.
• Tyson Foods reported earnings of $0.91 per share, exceeding analyst expectations, with revenue of $13.88 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.6% yield and a payout ratio of 77.82%.

1834 Investment Advisors Co. increased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,520 shares of the company's stock after acquiring an additional 8,507 shares during the period. 1834 Investment Advisors Co.'s holdings in Tyson Foods were worth $3,351,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TSN. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the fourth quarter worth $25,000. Curat Global LLC bought a new stake in Tyson Foods during the first quarter valued at about $28,000. Ossiam grew its holdings in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the period. Rossby Financial LCC bought a new stake in Tyson Foods during the first quarter valued at about $53,000. Finally, Transce3nd LLC bought a new stake in Tyson Foods during the fourth quarter valued at about $54,000. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TSN. JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. BMO Capital Markets dropped their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens decreased their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price of $61.33.

Tyson Foods Trading Up 1.3%

Shares of NYSE TSN traded up $0.71 during midday trading on Friday, hitting $57.05. The company's stock had a trading volume of 2,497,277 shares, compared to its average volume of 2,803,840. The company has a current ratio of 1.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The business's 50 day moving average is $54.88 and its two-hundred day moving average is $57.55. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The firm has a market cap of $20.32 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The firm had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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.