Inspire Investing LLC Makes New $798,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Inspire Investing LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,959 shares of the company’s stock, valued at approximately $798,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in Tyson Foods in the 4th quarter worth approximately $67,000. Envestnet Portfolio Solutions Inc. grew its position in Tyson Foods by 8.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,470 shares of the company’s stock worth $402,000 after acquiring an additional 594 shares in the last quarter. Brown Advisory Inc. increased its stake in Tyson Foods by 8.6% in the fourth quarter. Brown Advisory Inc. now owns 4,661 shares of the company’s stock valued at $251,000 after acquiring an additional 369 shares during the last quarter. Norges Bank bought a new stake in Tyson Foods during the fourth quarter worth about $89,286,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Tyson Foods by 34.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,721 shares of the company’s stock worth $254,000 after purchasing an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $60.14 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $62.05 and a 200-day moving average price of $59.31. The company has a market cap of $21.40 billion, a price-to-earnings ratio of -33.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the business posted $0.15 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current 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 $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.26%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Tyson Foods from $58.00 to $60.00 and gave the company 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 stock an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America lowered their price target 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. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.44.

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.