Cookson Peirce & Co. Inc. Makes New $529,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Cookson Peirce & Co. Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,206 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after purchasing an additional 729 shares during the last quarter. Empowered Funds LLC increased its position in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after purchasing an additional 18,059 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.5 %

TSN stock opened at $60.79 on Thursday. Tyson Foods, Inc. has a 1-year low of $53.08 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. The business has a 50 day simple moving average of $57.63 and a two-hundred day simple moving average of $60.00.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s payout ratio is 67.57%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Stephens increased their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.