iA Global Asset Management Inc. Takes Position in Tyson Foods, Inc. $TSN

iA Global Asset Management Inc. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,438 shares of the company’s stock, valued at approximately $1,950,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TSN. City Holding Co. acquired a new position in Tyson Foods during the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC grew its stake in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Activest Wealth Management increased its position in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the last quarter. ORG Partners LLC increased its position in shares of Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after purchasing an additional 655 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TSN. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Finally, Stephens boosted their price objective 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. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $68.60.

Tyson Foods Trading Up 0.8%

Shares of Tyson Foods stock opened at $58.89 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm has a 50-day moving average of $61.66 and a 200-day moving average of $61.83. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The stock has a market cap of $20.74 billion, a PE ratio of 46.37, a PEG ratio of 1.18 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Tyson Foods Company 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.