Tyson Foods, Inc. $TSN is Bridgefront Capital LLC’s 8th Largest Position

Bridgefront Capital LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 337.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,117 shares of the company’s stock after acquiring an additional 35,579 shares during the quarter. Tyson Foods comprises about 0.7% of Bridgefront Capital LLC’s holdings, making the stock its 8th largest position. Bridgefront Capital LLC’s holdings in Tyson Foods were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Tyson Foods by 10.0% during the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in Tyson Foods by 1.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. Unison Advisors LLC grew its stake in shares of Tyson Foods by 0.9% during the 3rd quarter. Unison Advisors LLC now owns 26,669 shares of the company’s stock valued at $1,448,000 after buying an additional 236 shares during the period. Finally, PharVision Advisers LLC grew its stake in shares of Tyson Foods by 4.4% during the 2nd quarter. PharVision Advisers LLC now owns 6,152 shares of the company’s stock valued at $344,000 after buying an additional 262 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler increased their target price on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Barclays lifted 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. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Stock Down 1.2%

Shares of Tyson Foods stock opened at $60.30 on Friday. The company has a fifty day moving average price of $62.27 and a 200 day moving average price of $57.63. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 107.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 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 Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

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.