Cerity Partners LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,488 shares of the company's stock after purchasing an additional 16,455 shares during the period. Cerity Partners LLC's holdings in Tyson Foods were worth $2,392,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in Tyson Foods in the 4th quarter worth about $25,000. Curat Global LLC bought a new position in shares of Tyson Foods during the 1st quarter worth $28,000. Ossiam grew its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Tyson Foods during the 1st quarter worth $53,000. Finally, Transce3nd LLC purchased a new stake in shares of Tyson Foods during the 4th quarter worth $54,000. 67.00% of the stock is currently owned by institutional investors.
Tyson Foods Stock Performance
Tyson Foods stock opened at $53.37 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The stock has a fifty day moving average of $55.36 and a two-hundred day moving average of $57.76. The company has a market capitalization of $19.01 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.72 and a beta of 0.59. Tyson Foods, Inc. has a fifty-two week low of $52.71 and a fifty-two week high of $66.88.
Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue was up .0% on a year-over-year basis. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.
Tyson Foods Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.
Analysts Set New Price Targets
Several analysts have commented on the company. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced 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. Stephens lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Finally, Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $63.11.
Check Out Our Latest Stock Analysis on Tyson Foods
About Tyson Foods
(
Free Report)
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.
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