Picton Mahoney Asset Management Raises Stake in Tyson Foods, Inc. $TSN

Picton Mahoney Asset Management increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 82,061.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,789 shares of the company’s stock after acquiring an additional 14,771 shares during the period. Picton Mahoney Asset Management’s holdings in Tyson Foods were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. grew its stake in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the last quarter. Root Financial Partners LLC purchased a new position in Tyson Foods during the third quarter valued at $28,000. MTM Investment Management LLC purchased a new position in Tyson Foods during the second quarter valued at $36,000. Wilmington Savings Fund Society FSB boosted its holdings in Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after acquiring an additional 322 shares in the last quarter. Finally, Caldwell Trust Co bought a new stake in Tyson Foods in the third quarter worth $38,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.0%

TSN stock opened at $61.44 on Friday. The stock has a market capitalization of $21.63 billion, a P/E ratio of 109.71, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The business has a fifty day moving average price of $62.08 and a 200-day moving average price of $57.51.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSN shares. JPMorgan Chase & Co. raised their price target on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research note on Tuesday, February 3rd. BMO Capital Markets increased their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Finally, Barclays lifted their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.27.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.