Harbour Investments Inc. Raises Stock Position in Tyson Foods, Inc. $TSN

Harbour Investments Inc. increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1,982.2% in the 4th quarter, HoldingsChannel reports. The firm owned 21,842 shares of the company’s stock after acquiring an additional 20,793 shares during the quarter. Harbour Investments Inc.’s holdings in Tyson Foods were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Tyson Foods by 306.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares during the last quarter. AIA Group Ltd raised its holdings in shares of Tyson Foods by 78.8% during the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares during the last quarter. Arnhold LLC purchased a new position in shares of Tyson Foods during the third quarter worth $3,166,000. Finally, National Pension Service raised its holdings in shares of Tyson Foods by 35.1% during the third quarter. National Pension Service now owns 210,307 shares of the company’s stock worth $11,420,000 after purchasing an additional 54,678 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, Mizuho began coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Down 1.3%

Shares of NYSE TSN opened at $61.20 on Friday. The company’s 50-day simple moving average is $64.55 and its 200-day simple moving average is $61.57. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter last year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

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.