Farringdon Capital Ltd. Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Farringdon Capital Ltd. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,169 shares of the company’s stock, valued at approximately $239,000.

Several other large investors have also recently added to or reduced their stakes in TSN. Riverview Trust Co increased its holdings in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group increased its stake 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 worth $34,000 after buying an additional 570 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its stake in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the 4th quarter worth $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

NYSE TSN opened at $61.17 on Friday. The company has a 50-day moving average price of $60.39 and a two-hundred day moving average price of $59.63. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. 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, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.27%. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

TSN has been the topic of several research 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. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens upped their price target 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. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.78.

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.