Bryce Point Capital LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Bryce Point Capital LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,187 shares of the company's stock, valued at approximately $1,964,000. Tyson Foods makes up 0.6% of Bryce Point Capital LLC's investment portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after buying an additional 325,361 shares during the period. State Street Corp lifted its holdings in shares of Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after purchasing an additional 427,582 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyson Foods during the 4th quarter worth about $175,086,000. Institutional investors own 67.00% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have commented on TSN shares. Stephens boosted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average target price of $61.10.

Tyson Foods Trading Down 5.8 %

TSN traded down $3.71 during midday trading on Friday, reaching $59.85. 3,322,206 shares of the company were exchanged, compared to its average volume of 2,298,667. The stock has a market capitalization of $21.32 billion, a P/E ratio of 20.22, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The stock's 50-day simple moving average is $59.77 and its 200 day simple moving average is $59.65. 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 (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the company posted $0.69 EPS. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

Tyson Foods 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.