Versant Capital Management Inc Buys 6,178 Shares of Tyson Foods, Inc. (NYSE:TSN)

Versant Capital Management Inc boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 503.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,405 shares of the company's stock after acquiring an additional 6,178 shares during the quarter. Versant Capital Management Inc's holdings in Tyson Foods were worth $473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the 4th quarter valued at $25,000. Riverview Trust Co boosted its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. Ossiam grew its position in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC lifted its holdings in shares of Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.5%

Shares of Tyson Foods stock traded down $0.26 during trading hours on Wednesday, reaching $55.53. The company's stock had a trading volume of 945,183 shares, compared to its average volume of 2,376,538. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a market capitalization of $19.78 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.74 and a beta of 0.63. The stock's fifty day simple moving average is $58.64 and its two-hundred day simple moving average is $59.17.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period 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 forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Tyson Foods's payout ratio is presently 77.82%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. 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 research note on Tuesday, May 6th. Finally, Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.63.

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.