Alps Advisors Inc. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 27.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,716 shares of the company’s stock after acquiring an additional 1,642 shares during the quarter. Alps Advisors Inc.’s holdings in Tyson Foods were worth $459,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TSN. BerganKDV Wealth Management LLC acquired a new stake in Tyson Foods in the second quarter valued at approximately $103,000. MUFG Americas Holdings Corp increased its holdings in Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after buying an additional 858 shares in the last quarter. Fort L.P. purchased a new position in Tyson Foods in the second quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods during the third quarter worth about $170,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Tyson Foods during the second quarter worth about $198,000. Institutional investors own 68.53% of the company’s stock.
TSN stock traded up $1.32 during midday trading on Monday, reaching $60.27. 3,022,800 shares of the company’s stock traded hands, compared to its average volume of 2,403,703. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.90 and a beta of 0.11. The company has a quick ratio of 0.43, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Tyson Foods, Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $84.65.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.375 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 28th. Tyson Foods’s payout ratio is presently 19.48%.
A number of research firms recently weighed in on TSN. Pivotal Research restated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Monday, August 6th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Monday, August 6th. Mizuho reissued a “buy” rating and issued a $78.00 price objective on shares of Tyson Foods in a research report on Wednesday, November 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $77.00 target price on shares of Tyson Foods in a research report on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and an average target price of $72.93.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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