Proficio Capital Partners LLC Purchases Shares of 49,226 Tyson Foods, Inc. (NYSE:TSN)

Proficio Capital Partners LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 49,226 shares of the company's stock, valued at approximately $2,828,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 352,863 shares during the period. Handelsbanken Fonder AB increased its stake in Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares in the last quarter. Sound Income Strategies LLC increased its stake in Tyson Foods by 14.0% during 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 increased its stake in Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Tyson Foods during the 4th quarter valued at $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent 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 price target for the company. Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. 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. Stephens increased 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. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $61.10.

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Tyson Foods Stock Performance

NYSE TSN traded up $0.04 during trading on Friday, hitting $60.46. 5,366,416 shares of the company's stock traded hands, compared to its average volume of 2,148,975. The stock has a market capitalization of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The business has a 50 day moving average of $58.55 and a 200-day moving average of $59.77.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm 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 firm posted $0.69 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

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.