iA Global Asset Management Inc. Takes $1.95 Million Position in Tyson Foods, Inc. $TSN

iA Global Asset Management Inc. bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, HoldingsChannel reports. The fund bought 30,438 shares of the company’s stock, valued at approximately $1,950,000.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its position in Tyson Foods by 10.3% during the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after purchasing an additional 157 shares during the period. IFM Investors Pty Ltd raised its position in shares of Tyson Foods by 0.4% in the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after buying an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Tyson Foods by 4.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after buying an additional 166 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 179 shares during the period. Finally, Matrix Trust Co lifted its holdings in shares of Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after acquiring an additional 183 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Mizuho initiated coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Sanford C. Bernstein reduced their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Finally, Stephens boosted their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $68.60.

Tyson Foods Trading Up 0.8%

Shares of Tyson Foods stock opened at $58.89 on Friday. The firm has a market capitalization of $20.74 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $61.66 and its 200 day moving average is $61.83. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is 160.63%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.