Ensign Peak Advisors Inc Purchases 98,345 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ensign Peak Advisors Inc lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,047,852 shares of the company’s stock after buying an additional 98,345 shares during the period. Ensign Peak Advisors Inc owned about 0.29% of Tyson Foods worth $59,874,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position 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 worth $103,000 after purchasing an additional 198 shares during the period. Ridgewood Investments LLC raised its holdings in Tyson Foods by 0.8% during the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after buying an additional 199 shares during the period. Lindbrook Capital LLC lifted its stake in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares in the last quarter. Unison Advisors LLC boosted its holdings in shares of Tyson Foods by 0.8% in the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after buying an additional 214 shares during the period. Finally, Caprock Group LLC increased its position in shares of Tyson Foods by 2.5% during the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

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

Tyson Foods Stock Down 2.5 %

Tyson Foods stock opened at $60.14 on Friday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The firm has a market capitalization of $21.40 billion, a PE ratio of -33.79, a P/E/G ratio of 0.43 and a beta of 0.78. The company’s 50-day moving average is $62.05 and its 200-day moving average is $59.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared 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. This represents a $1.96 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is -110.11%.

Tyson Foods Company 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.