Instrumental Wealth LLC Buys Shares of 9,588 Tyson Foods, Inc. $TSN

Instrumental Wealth LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,588 shares of the company’s stock, valued at approximately $549,000. Tyson Foods comprises approximately 0.3% of Instrumental Wealth LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Tyson Foods during the 4th quarter worth $308,297,000. Davis Selected Advisers grew its position in Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in Tyson Foods in the fourth quarter valued at about $165,220,000. Pzena Investment Management LLC raised its stake in Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after acquiring an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TSN shares. Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Sanford C. Bernstein cut their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Price Performance

Tyson Foods stock opened at $55.87 on Thursday. The stock has a 50-day moving average price of $57.78 and a two-hundred day moving average price of $61.73. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a market capitalization of $19.66 billion, a PE ratio of 34.49, a P/E/G ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. Tyson Foods’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Analysts expect that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.7%. Tyson Foods’s payout ratio is presently 125.93%.

Tyson Foods 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.