Tyson Foods, Inc. $TSN Stock Holdings Increased by Entropy Technologies LP

Entropy Technologies LP raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 66.3% during the 4th quarter, Holdings Channel reports. The fund owned 88,607 shares of the company’s stock after purchasing an additional 35,311 shares during the period. Entropy Technologies LP’s holdings in Tyson Foods were worth $5,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after acquiring an additional 1,480,987 shares in the last quarter. State Street Corp raised its stake in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after buying an additional 85,282 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after buying an additional 1,720,009 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Tyson Foods by 1.8% in the 3rd quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock worth $324,280,000 after buying an additional 107,884 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $57.41 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $20.22 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.17 and a beta of 0.38. The stock’s fifty day simple moving average is $63.69 and its 200 day simple moving average is $61.86. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48.

Tyson Foods (NYSE:TSN) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 4.14 earnings per share 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. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stephens boosted their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Mizuho assumed coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.27.

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.