Golden State Equity Partners Purchases Shares of 11,351 Tyson Foods, Inc. (NYSE:TSN)

Golden State Equity Partners purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,351 shares of the company’s stock, valued at approximately $610,000.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Wellington Management Group LLP increased its holdings in shares of Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after acquiring an additional 200,586 shares in the last quarter. FMR LLC increased its holdings in shares of Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after acquiring an additional 1,034,915 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tyson Foods by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock worth $333,152,000 after buying an additional 223,447 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Tyson Foods during the third quarter worth $274,707,000. Finally, Northern Trust Corp grew its holdings in Tyson Foods by 2.6% during the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after buying an additional 134,778 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of NYSE TSN traded down $0.26 during trading on Friday, reaching $60.63. 1,402,753 shares of the stock traded hands, compared to its average volume of 1,872,515. The company has a 50-day moving average of $56.97 and a 200-day moving average of $52.89. The stock has a market capitalization of $21.61 billion, a P/E ratio of -24.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $63.28.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Tyson Foods’s payout ratio is currently -79.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSN shares. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. Citigroup upped their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. BMO Capital Markets upped their price objective on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.80.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

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.