Nwam LLC Takes $742,000 Position in Tyson Foods, Inc. $TSN

Nwam LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the first quarter, Holdings Channel reports. The fund bought 11,582 shares of the company’s stock, valued at approximately $742,000.

Several other hedge funds have also modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in Tyson Foods during the first quarter valued at about $30,000. Cedar Mountain Advisors LLC increased its position in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after acquiring an additional 364 shares in the last quarter. City Holding Co. purchased a new position in shares of Tyson Foods in the fourth quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after acquiring an additional 198 shares during the period. Finally, Activest Wealth Management raised its holdings in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $57.80 on Friday. The firm has a 50 day simple moving average of $60.20 and a 200 day simple moving average of $61.81. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The stock has a market cap of $20.35 billion, a P/E ratio of 45.51, a P/E/G ratio of 1.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share 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 firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 4.12 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TSN. Stephens raised their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $69.56.

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.