Keynote Financial Services LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Keynote Financial Services LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the first quarter, Holdings Channel.com reports. The fund bought 12,264 shares of the company’s stock, valued at approximately $720,000.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Tyson Foods by 1.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,994 shares of the company’s stock valued at $3,270,000 after acquiring an additional 975 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Tyson Foods by 639.4% in the first quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock valued at $5,451,000 after acquiring an additional 80,262 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Tyson Foods in the first quarter valued at about $8,255,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TSN shares. BMO Capital Markets lifted their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. The Goldman Sachs Group boosted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, HSBC boosted their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.00.

Tyson Foods Stock Up 0.8 %

Shares of TSN traded up $0.47 during mid-day trading on Friday, hitting $61.23. 3,074,718 shares of the company traded hands, compared to its average volume of 1,516,831. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.86 billion, a PE ratio of -34.40, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. The business has a 50 day moving average of $57.55 and a 200 day moving average of $57.15.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.61 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

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.