NorthRock Partners LLC Has $1.41 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

NorthRock Partners LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,191 shares of the company’s stock after purchasing an additional 5,055 shares during the period. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,408,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSN. Pzena Investment Management LLC acquired a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $274,707,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Tyson Foods in the 3rd quarter valued at about $77,574,000. Royal London Asset Management Ltd. increased its stake in shares of Tyson Foods by 196.2% during the 3rd 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 last quarter. FMR LLC raised its holdings in shares of Tyson Foods by 16.1% in the 3rd 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Tyson Foods during the third quarter worth about $18,659,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of recent analyst reports. HSBC raised their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group upped their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upped their target price on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.22.

View Our Latest Stock Report on TSN

Tyson Foods Price Performance

Shares of TSN stock traded down $0.68 during trading on Friday, hitting $60.25. The company had a trading volume of 2,253,144 shares, compared to its average volume of 2,658,806. The stock’s 50-day moving average price is $58.91 and its 200 day moving average price is $54.31. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The firm has a market capitalization of $21.51 billion, a P/E ratio of -33.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74.

Tyson Foods (NYSE:TSNGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter last year, the business earned ($0.04) earnings per share. Tyson Foods’s revenue was down .5% on a year-over-year basis. Equities analysts expect that Tyson Foods, Inc. will post 2.47 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’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 completion of the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.

About Tyson Foods

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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