Burney Co. Invests $1.29 Million in Tyson Foods, Inc. $TSN

Burney Co. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,066 shares of the company’s stock, valued at approximately $1,286,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSN. IFP Advisors Inc raised its stake in Tyson Foods by 10.3% in the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after buying an additional 157 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Tyson Foods by 0.4% in the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after buying an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Tyson Foods by 4.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after buying an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Tyson Foods by 10.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after buying an additional 179 shares during the last quarter. Finally, Matrix Trust Co grew its stake in Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after buying an additional 183 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSN. Stephens lifted their target price on shares of 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 downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Finally, Sanford C. Bernstein reduced their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $69.56.

Tyson Foods Price Performance

Shares of TSN stock opened at $58.38 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The firm’s 50-day moving average is $61.20 and its two-hundred day moving average is $61.84. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a market capitalization of $20.56 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share 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 during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts predict that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

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.