EntryPoint Capital LLC Takes $348,000 Position in Tyson Foods, Inc. (NYSE:TSN)

EntryPoint Capital LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,051 shares of the company's stock, valued at approximately $348,000.

Other institutional investors also recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in Tyson Foods during the 4th quarter worth $115,000. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after acquiring an additional 325,361 shares during the period. LPL Financial LLC increased its holdings in shares of Tyson Foods by 2.1% in the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock worth $12,003,000 after acquiring an additional 4,266 shares during the period. Fox Run Management L.L.C. lifted its position in Tyson Foods by 55.3% in the 4th quarter. Fox Run Management L.L.C. now owns 24,936 shares of the company's stock valued at $1,432,000 after purchasing an additional 8,877 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Tyson Foods during the 4th quarter valued at about $16,240,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

TSN stock traded up $1.54 on Monday, hitting $63.91. 564,606 shares of the company's stock traded hands, compared to its average volume of 2,468,231. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a fifty day moving average of $59.11 and a 200-day moving average of $59.59.

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Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the company posted $0.69 EPS. The company's revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $61.10.

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.