Bull Harbor Capital LLC Invests $1.53 Million in Tyson Foods, Inc. $TSN

Bull Harbor Capital LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, Holdings Channel reports. The firm purchased 23,961 shares of the company’s stock, valued at approximately $1,535,000.

A number of other large investors have also made changes to their positions in TSN. IFP Advisors Inc raised its stake in Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after buying an additional 157 shares during the period. IFM Investors Pty Ltd grew its stake in Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after acquiring an additional 159 shares during the period. Deseret Mutual Benefit Administrators grew its stake in Tyson Foods by 4.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after acquiring an additional 166 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 179 shares in the last quarter. Finally, Keynote Financial Services LLC increased its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Keynote Financial Services LLC now owns 11,752 shares of the company’s stock worth $689,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TSN. Bank of America cut their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Piper Sandler reissued an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $70.88.

Tyson Foods Stock Down 0.2%

NYSE:TSN opened at $61.03 on Thursday. The stock has a 50-day simple moving average of $58.71 and a 200 day simple moving average of $61.86. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a market cap of $21.49 billion, a PE ratio of 48.06, a PEG ratio of 1.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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 $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis 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.