Praxis Investment Management Inc. Acquires 2,680 Shares of Tyson Foods, Inc. (NYSE:TSN)

Praxis Investment Management Inc. grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,170 shares of the company’s stock after purchasing an additional 2,680 shares during the period. Praxis Investment Management Inc.’s holdings in Tyson Foods were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. raised its holdings in Tyson Foods by 25.3% during the 4th quarter. Principal Securities Inc. now owns 7,148 shares of the company’s stock valued at $411,000 after acquiring an additional 1,444 shares during the period. Principal Financial Group Inc. raised its stake in shares of Tyson Foods by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 382,226 shares of the company’s stock valued at $21,955,000 after purchasing an additional 13,483 shares during the period. Sanctuary Advisors LLC lifted its holdings in Tyson Foods by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 32,538 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,420 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Tyson Foods by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 43,545 shares of the company’s stock valued at $2,501,000 after buying an additional 1,884 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Tyson Foods by 70.3% during the fourth quarter. Venturi Wealth Management LLC now owns 2,992 shares of the company’s stock valued at $172,000 after buying an additional 1,235 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Stephens cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Finally, Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.63.

Tyson Foods Price Performance

TSN stock opened at $54.38 on Friday. The firm has a 50 day simple moving average of $57.17 and a two-hundred day simple moving average of $58.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The stock has a market cap of $19.37 billion, a PE ratio of 21.16, a P/E/G ratio of 0.71 and a beta of 0.60. Tyson Foods, Inc. has a one year low of $54.01 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Tyson Foods’s dividend payout ratio (DPR) is presently 77.82%.

Tyson Foods Company 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.