Allstate Corp Has $1.16 Million Position in Tyson Foods, Inc. $TSN

Allstate Corp grew its position in Tyson Foods, Inc. (NYSE:TSN) by 91.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,791 shares of the company’s stock after acquiring an additional 9,436 shares during the period. Allstate Corp’s holdings in Tyson Foods were worth $1,160,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. acquired a new position in Tyson Foods during the 4th quarter valued at about $29,000. Activest Wealth Management increased its holdings in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. ORG Partners LLC grew its position in Tyson Foods by 2,519.2% in the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after acquiring an additional 655 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Tyson Foods by 110.3% in the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the last quarter. Finally, Matrix Trust Co boosted its position in Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after buying an additional 183 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.27.

Tyson Foods Stock Down 1.3%

TSN opened at $61.20 on Friday. The firm has a 50 day moving average price of $64.55 and a 200 day moving average price of $61.57. The company has a market cap of $21.55 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. Sell-side analysts expect that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

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 issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Tyson Foods’s payout ratio is 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.