Spirepoint Private Client LLC Buys New Stake in Tyson Foods, Inc. (NYSE:TSN)

Spirepoint Private Client LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 112,255 shares of the company's stock, valued at approximately $7,163,000.

A number of other hedge funds have also recently modified their holdings of the stock. AssuredPartners Investment Advisors LLC purchased a new position in shares of Tyson Foods in the 1st quarter valued at $522,000. Asset Management One Co. Ltd. grew its position in shares of Tyson Foods by 5.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 149,551 shares of the company's stock valued at $9,543,000 after buying an additional 7,193 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Tyson Foods by 11.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,209 shares of the company's stock valued at $970,000 after buying an additional 1,545 shares during the last quarter. Amarillo National Bank purchased a new position in shares of Tyson Foods in the 1st quarter valued at $222,000. Finally, Altrius Capital Management Inc grew its position in shares of Tyson Foods by 1.9% in the 1st quarter. Altrius Capital Management Inc now owns 76,407 shares of the company's stock valued at $4,876,000 after buying an additional 1,427 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 1.3%

TSN stock opened at $55.14 on Tuesday. Tyson Foods, Inc. has a one year low of $54.01 and a one year high of $66.88. The stock has a market capitalization of $19.64 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.60. 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 company has a fifty day moving average of $57.04 and a 200-day moving average of $58.27.

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 1.70% and a return on equity of 7.43%. 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. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday. They set a "buy" rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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 on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Citigroup raised their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.