Directional Asset Management Purchases New Position in Tyson Foods, Inc. $TSN

Key Points

• Directional Asset Management opened a new position in Tyson Foods (NYSE: TSN), buying 29,040 shares worth about $1.70 million, representing roughly 1.5% of the fund's portfolio and its 18th largest holding.
• Tyson announced a $0.51 quarterly dividend (annualized $2.04) with an ex-dividend date of June 1 and a yield of about 3.1%, while its latest quarter showed a revenue beat but an EPS miss of $0.97 versus $1.01.
• Analyst sentiment is mixed: five analysts rate TSN a Buy and ten a Hold (average rating: Hold) with an average price target of $66.45, though recent notes range from JPMorgan's $65 target to Barclays/BMO raising targets into the $72–78 area.

Directional Asset Management acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,040 shares of the company's stock, valued at approximately $1,702,000. Tyson Foods comprises approximately 1.5% of Directional Asset Management's portfolio, making the stock its 18th biggest holding.

Several other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company's stock valued at $26,000 after purchasing an additional 228 shares in the last quarter. City Holding Co. purchased a new stake in Tyson Foods during the fourth quarter valued at $29,000. Root Financial Partners LLC bought a new position in Tyson Foods during the third quarter valued at $28,000. ORG Partners LLC grew its stake in shares of Tyson Foods by 2,519.2% in the 4th quarter. ORG Partners LLC now owns 681 shares of the company's stock worth $40,000 after buying an additional 655 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Tyson Foods by 89.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company's stock worth $37,000 after buying an additional 322 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSN has been the topic of several recent research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Tyson Foods in a research report on Monday, December 29th. Barclays boosted their price objective on Tyson Foods from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 3rd. BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They issued an "outperform" rating and a $72.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on Tyson Foods from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average price target of $66.45.

Tyson Foods Stock Up 1.1%

Shares of NYSE TSN opened at $65.24 on Friday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The firm has a 50-day simple moving average of $63.06 and a two-hundred day simple moving average of $59.27. The company has a market cap of $22.97 billion, a P/E ratio of 116.51, a PEG ratio of 1.40 and a beta of 0.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analysts' expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, June 1st. Tyson Foods's dividend payout ratio is currently 364.29%.

Tyson Foods Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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