101,100 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Providence Capital Advisors LLC

Providence Capital Advisors LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 101,100 shares of the company’s stock, valued at approximately $5,777,000.

Several other large investors have also modified their holdings of TSN. Bank of Montreal Can boosted its stake in Tyson Foods by 4.8% during the 2nd quarter. Bank of Montreal Can now owns 306,966 shares of the company’s stock worth $17,568,000 after purchasing an additional 14,108 shares during the period. Evergreen Capital Management LLC increased its holdings in Tyson Foods by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,604 shares of the company’s stock valued at $320,000 after acquiring an additional 313 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Tyson Foods by 77.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 10,935 shares of the company’s stock valued at $625,000 after acquiring an additional 4,779 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Tyson Foods during the 2nd quarter valued at about $219,000. Finally, ProShare Advisors LLC grew its holdings in shares of Tyson Foods by 5.5% during the second quarter. ProShare Advisors LLC now owns 64,574 shares of the company’s stock worth $3,690,000 after buying an additional 3,369 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSN. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Barclays lifted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Performance

TSN stock opened at $60.42 on Tuesday. The company has a market capitalization of $21.57 billion, a P/E ratio of -33.94, a PEG ratio of 0.43 and a beta of 0.78. The company has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $59.44. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 2.82 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, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.24%. Tyson Foods’s payout ratio is presently -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.