Sanctuary Advisors LLC Has $5.34 Million Stock Position in Tyson Foods, Inc. $TSN

Sanctuary Advisors LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 86.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,289 shares of the company’s stock after acquiring an additional 38,619 shares during the period. Sanctuary Advisors LLC’s holdings in Tyson Foods were worth $5,336,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSN. City Holding Co. acquired a new stake in Tyson Foods in the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the period. Ascentis Independent Advisors acquired a new position in Tyson Foods during the 1st quarter worth about $30,000. Cedar Mountain Advisors LLC grew its position in shares of Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after buying an additional 364 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSN. Bank of America lowered their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Mizuho started coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.56.

Tyson Foods Trading Down 0.1%

Shares of TSN stock opened at $57.76 on Friday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The stock has a 50 day simple moving average of $59.99 and a two-hundred day simple moving average of $61.78. The company has a market cap of $20.34 billion, a P/E ratio of 45.48, a PEG ratio of 1.19 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter last year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 4.12 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is currently 160.63%.

Tyson Foods Company Profile

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.