Mach 1 Financial Group LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Mach 1 Financial Group LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 66.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,503 shares of the company's stock after acquiring an additional 6,610 shares during the quarter. Tyson Foods accounts for 1.7% of Mach 1 Financial Group LLC's holdings, making the stock its 11th biggest position. Mach 1 Financial Group LLC's holdings in Tyson Foods were worth $948,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the period. Sound Income Strategies LLC increased its stake in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after purchasing an additional 6,955 shares in the last quarter. Empowered Funds LLC grew its stake in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after acquiring an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in Tyson Foods during the fourth quarter worth $775,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.1 %

NYSE:TSN traded down $0.68 on Thursday, reaching $61.35. The company's stock had a trading volume of 2,124,769 shares, compared to its average volume of 2,332,657. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The stock has a 50 day moving average price of $60.62 and a 200 day moving average price of $59.69.

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

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Tyson Foods's dividend payout ratio is currently 67.57%.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens raised their target price on 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. Finally, Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.78.

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.