3,855 Shares in Tyson Foods, Inc. $TSN Acquired by Corton Capital Inc.

Corton Capital Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,855 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Tyson Foods by 12.6% in the first quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after acquiring an additional 191 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Tyson Foods by 5.1% in the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of Tyson Foods by 2.3% in the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after acquiring an additional 204 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Tyson Foods by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after acquiring an additional 206 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its position in Tyson Foods by 1.0% during the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock valued at $1,183,000 after buying an additional 217 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.4%

NYSE TSN opened at $51.61 on Tuesday. The company’s fifty day simple moving average is $53.94 and its 200-day simple moving average is $55.30. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $65.95. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.36 billion, a P/E ratio of 23.46, a PEG ratio of 0.85 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The business had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s payout ratio is presently 90.91%.

Analyst Ratings Changes

Several research firms have issued reports on TSN. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Finally, Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $60.92.

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.