Uniting Wealth Partners LLC Invests $222,000 in Tyson Foods, Inc. (NYSE:TSN)

Uniting Wealth Partners LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,864 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Riverview Trust Co grew its position in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group increased its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the period. SRS Capital Advisors Inc. raised its holdings in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $42,000. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TSN shares. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Citigroup 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 Friday, January 31st. 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. Finally, Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $62.77 on Thursday. The company has a 50 day moving average of $59.55 and a 200 day moving average of $59.64. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The firm has a market cap of $22.36 billion, a P/E ratio of 21.21, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $13.46 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.