Custom Index Systems LLC Has $1.11 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Custom Index Systems LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 156.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,679 shares of the company's stock after buying an additional 11,388 shares during the quarter. Custom Index Systems LLC's holdings in Tyson Foods were worth $1,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods during the 1st quarter worth $42,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after purchasing an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods during the second quarter worth $54,000. Northwest Investment Counselors LLC bought a new stake in Tyson Foods in the third quarter valued at about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its stake in Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock valued at $62,000 after buying an additional 1,018 shares during the period. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSN. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Stephens began coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $57.00 price objective for the company. Bank of America cut their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $59.22.

Tyson Foods Stock Down 0.6 %

NYSE:TSN traded down $0.36 during trading hours on Friday, reaching $58.67. 1,809,547 shares of the stock were exchanged, compared to its average volume of 2,449,876. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a twelve month low of $45.13 and a twelve month high of $66.88. The stock has a market cap of $20.95 billion, a PE ratio of -32.96, a PEG ratio of 0.38 and a beta of 0.78. The firm has a 50 day moving average of $61.27 and a 200 day moving average of $59.70.

Tyson Foods (NYSE:TSN - Get Free Report) last released its 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. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.34%. Tyson Foods's dividend payout ratio (DPR) is presently -110.11%.

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.