Bridgefront Capital LLC Grows Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Bridgefront Capital LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 85.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,460 shares of the company’s stock after purchasing an additional 3,896 shares during the period. Bridgefront Capital LLC’s holdings in Tyson Foods were worth $486,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TSN. Handelsbanken Fonder AB raised its holdings in Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after purchasing an additional 729 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after buying an additional 6,955 shares during the period. Empowered Funds LLC raised its stake in Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after buying an additional 18,059 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in Tyson Foods by 7.1% in the fourth quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company’s stock worth $4,288,000 after buying an additional 4,922 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company’s stock valued at $693,000 after acquiring an additional 1,532 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $55.81 on Wednesday. The company has a market capitalization of $19.88 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $60.66 and a 200 day moving average of $59.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. During the same period in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up .0% 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research analyst reports. Stephens lowered their target price on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Barclays lowered their price target 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. Finally, UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $61.33.

Tyson Foods Company 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.