Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Goodman Financial Corp

Goodman Financial Corp increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 226,803 shares of the company’s stock after acquiring an additional 3,717 shares during the period. Tyson Foods makes up about 2.8% of Goodman Financial Corp’s portfolio, making the stock its 21st largest holding. Goodman Financial Corp’s holdings in Tyson Foods were worth $13,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TSN. Riverview Trust Co boosted its position in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. lifted its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 387 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.6 %

Shares of NYSE:TSN opened at $60.40 on Friday. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $58.43 and a two-hundred day moving average of $59.80. The stock has a market cap of $21.52 billion, a P/E ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research analyst reports. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens increased their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.10.

About Tyson Foods

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.