Convergence Investment Partners LLC Makes New $574,000 Investment in Tyson Foods, Inc. $TSN

Convergence Investment Partners LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,792 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors have also recently made changes to their positions in TSN. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at approximately $28,000. City Holding Co. purchased a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $29,000. Activest Wealth Management boosted its stake in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Tyson Foods by 89.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after purchasing an additional 655 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN opened at $65.78 on Friday. The stock has a fifty day simple moving average of $63.77 and a two-hundred day simple moving average of $60.65. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The company has a market cap of $23.16 billion, a price-to-earnings ratio of 51.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Research analysts predict that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. Tyson Foods’s dividend payout ratio is 160.63%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays increased their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $80.00 price objective on shares of Tyson Foods in a research note on Monday, May 4th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Finally, Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods 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.