Providence Capital Advisors LLC Acquires New Stake in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 101,100 shares of the company's stock, valued at approximately $5,777,000.

Several other large investors also recently modified their holdings of TSN. Brown Advisory Inc. grew its stake in shares of Tyson Foods by 8.6% during the fourth quarter. Brown Advisory Inc. now owns 4,661 shares of the company's stock valued at $251,000 after acquiring an additional 369 shares in the last quarter. Commerce Bank grew its stake in shares of Tyson Foods by 41.5% during the fourth quarter. Commerce Bank now owns 15,637 shares of the company's stock valued at $840,000 after acquiring an additional 4,587 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Tyson Foods by 5.2% during the fourth quarter. Hilltop Holdings Inc. now owns 5,441 shares of the company's stock valued at $292,000 after acquiring an additional 271 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Tyson Foods by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 126,842 shares of the company's stock valued at $6,818,000 after acquiring an additional 890 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its stake in shares of Tyson Foods by 430,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,306 shares of the company's stock valued at $231,000 after acquiring an additional 4,305 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on TSN. BMO Capital Markets increased their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 6th. Barclays increased their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Finally, StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.44.

Tyson Foods Stock Performance

NYSE TSN traded up $0.60 during trading hours on Tuesday, reaching $61.02. The company's stock had a trading volume of 136,794 shares, compared to its average volume of 2,531,762. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $59.44. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The stock has a market cap of $21.78 billion, a PE ratio of -33.94, a PEG ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion for the quarter, compared to analysts' expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.21%. Tyson Foods's dividend payout ratio (DPR) is presently -110.11%.

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.