Mirabella Financial Services LLP Boosts Holdings in Tyson Foods, Inc. $TSN

Mirabella Financial Services LLP boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 100.7% in the third quarter, HoldingsChannel.com reports. The fund owned 68,038 shares of the company’s stock after buying an additional 34,142 shares during the quarter. Mirabella Financial Services LLP’s holdings in Tyson Foods were worth $3,687,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $246,055,000. AQR Capital Management LLC increased its position in Tyson Foods by 76.1% during the second quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after buying an additional 2,164,160 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after acquiring an additional 1,550,812 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Tyson Foods by 877.2% in the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after acquiring an additional 1,232,835 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Tyson Foods by 73.4% in the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after acquiring an additional 795,710 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 2.5%

Shares of NYSE:TSN opened at $61.83 on Tuesday. The stock has a 50-day simple moving average of $62.37 and a 200-day simple moving average of $57.67. The stock has a market capitalization of $21.77 billion, a P/E ratio of 110.42, a PEG ratio of 1.33 and a beta of 0.47. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. 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 currently 364.29%.

Analysts Set New Price Targets

A number of research firms recently commented on TSN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Finally, Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.