8,579 Shares in Tyson Foods, Inc. $TSN Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,579 shares of the company’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Davis Selected Advisers boosted its stake in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC boosted 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. Two Sigma Investments LP boosted its stake in Tyson Foods by 877.2% during the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after acquiring an additional 1,232,835 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after acquiring an additional 795,710 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in Tyson Foods by 34.2% in the third quarter. Caisse de depot et placement du Quebec now owns 1,746,120 shares of the company’s stock worth $94,814,000 after acquiring an additional 445,018 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.1%

Tyson Foods stock opened at $66.44 on Friday. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. 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 fifty day moving average price is $64.19 and its two-hundred day moving average price is $61.13. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 52.31, a price-to-earnings-growth ratio of 1.37 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. JPMorgan Chase & Co. cut their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Stephens increased 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. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.27.

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.