Larson Financial Group LLC Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Larson Financial Group LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.3% in the fourth quarter, HoldingsChannel reports. The fund owned 8,689 shares of the company’s stock after buying an additional 1,283 shares during the quarter. Larson Financial Group LLC’s holdings in Tyson Foods were worth $499,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Tyson Foods by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock worth $251,000 after purchasing an additional 232 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Tyson Foods by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after buying an additional 13,066 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Tyson Foods in the 3rd quarter worth $1,198,000. Assetmark Inc. boosted its holdings in Tyson Foods by 2.5% in the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock valued at $23,391,000 after acquiring an additional 9,526 shares during the last quarter. Finally, Atria Investments Inc grew its position in Tyson Foods by 37.8% during the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock valued at $821,000 after acquiring an additional 3,782 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TSN shares. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens upped their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Up 1.3 %

NYSE TSN opened at $61.30 on Monday. The firm’s 50 day moving average price is $57.74 and its two-hundred day moving average price is $59.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $53.59 and a twelve month high of $66.88. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Tyson Foods 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.