TCG Advisory Services LLC Grows Holdings in Tyson Foods, Inc. (NYSE:TSN)

TCG Advisory Services LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 72.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,215 shares of the company’s stock after acquiring an additional 5,123 shares during the quarter. TCG Advisory Services LLC’s holdings in Tyson Foods were worth $657,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC bought a new stake in Tyson Foods in the third quarter valued at about $274,707,000. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 97.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock valued at $214,627,000 after acquiring an additional 2,095,597 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Tyson Foods during the third quarter worth $77,574,000. Royal London Asset Management Ltd. boosted its holdings in Tyson Foods by 196.2% in the third quarter. Royal London Asset Management Ltd. now owns 1,904,569 shares of the company’s stock worth $96,200,000 after purchasing an additional 1,261,583 shares during the period. Finally, FMR LLC increased its stake in Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSN. The Goldman Sachs Group raised their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and upped their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Citigroup raised their target price on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Price Performance

Tyson Foods stock traded up $1.07 during midday trading on Friday, hitting $62.02. The company’s stock had a trading volume of 3,879,826 shares, compared to its average volume of 1,801,986. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $22.10 billion, a PE ratio of -25.11, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. The stock’s 50-day moving average price is $57.71 and its 200-day moving average price is $53.36.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.16%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.05% of the company’s stock.

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.