23,104 Shares in Tyson Foods, Inc. $TSN Bought by Perbak Capital Partners LLP

Perbak Capital Partners LLP acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the third quarter, HoldingsChannel.com reports. The firm acquired 23,104 shares of the company’s stock, valued at approximately $1,255,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the period. State Street Corp lifted its stake in shares of Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after purchasing an additional 439,623 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 0.9% in the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock worth $750,943,000 after buying an additional 120,826 shares during the last quarter. Davis Selected Advisers grew its position in Tyson Foods by 91.4% during the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the period. Finally, Geode Capital Management LLC grew its position in Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after buying an additional 122,055 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN opened at $60.30 on Friday. The company has a 50 day simple moving average of $62.27 and a two-hundred day simple moving average of $57.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The firm has a market cap of $21.23 billion, a P/E ratio of 107.68, a PEG ratio of 1.34 and a beta of 0.47. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Barclays boosted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $64.27.

About Tyson Foods

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.