Empowered Funds LLC Buys 18,059 Shares of Tyson Foods, Inc. (NYSE:TSN)

Empowered Funds LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 289.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,288 shares of the company's stock after buying an additional 18,059 shares during the quarter. Empowered Funds LLC's holdings in Tyson Foods were worth $1,395,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% in the third 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. Brooklyn Investment Group increased its holdings in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter valued at about $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the fourth quarter valued at about $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in Tyson Foods during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of TSN stock traded up $1.56 during trading hours on Thursday, hitting $59.16. 3,642,285 shares of the company's stock were exchanged, compared to its average volume of 2,485,801. The company has a market capitalization of $21.07 billion, a PE ratio of 19.99, a PEG ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 12-month low of $52.11 and a 12-month high of $66.88. The business's 50 day simple moving average is $57.26 and its 200-day simple moving average is $60.07. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.69 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Analyst Ratings Changes

TSN has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Barclays decreased 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. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten 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 company has an average rating of "Hold" and a consensus price target 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.