Jones Financial Companies Lllp Has $2.12 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Jones Financial Companies Lllp raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 160.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,930 shares of the company's stock after buying an additional 22,755 shares during the quarter. Jones Financial Companies Lllp's holdings in Tyson Foods were worth $2,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its stake in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company's stock worth $632,000 after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Tyson Foods by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company's stock worth $251,000 after buying an additional 232 shares in the last quarter. National Pension Service lifted its position in shares of Tyson Foods by 30.6% during the 3rd quarter. National Pension Service now owns 643,482 shares of the company's stock worth $38,326,000 after buying an additional 150,754 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after buying an additional 210 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Tyson Foods by 3.7% in the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company's stock valued at $21,962,000 after acquiring an additional 13,066 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Remove Ads

Tyson Foods Trading Up 1.1 %

Shares of TSN stock traded up $0.69 on Monday, reaching $61.93. 3,576,064 shares of the stock were exchanged, compared to its average volume of 2,494,778. The stock has a 50 day moving average price of $57.74 and a 200 day moving average price of $59.96. The stock has a market cap of $22.06 billion, a PE ratio of 20.92, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) 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 company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TSN shares. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. 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. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods presently has an average rating of "Hold" and an average target price of $61.10.

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.