Gitterman Wealth Management LLC Invests $331,000 in Tyson Foods, Inc. (NYSE:TSN)

Gitterman Wealth Management LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,757 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. Riverview Trust Co grew its position in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Tyson Foods during the 3rd quarter valued at $36,000. SRS Capital Advisors Inc. increased its holdings in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in Tyson Foods in the 4th quarter valued at $42,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 0.2 %

TSN stock opened at $59.87 on Friday. The company has a market cap of $21.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business has a 50-day simple moving average of $58.04 and a 200 day simple moving average of $59.88. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSN. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens upped 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. Finally, Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods 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.