Assetmark Inc. Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Assetmark Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,511 shares of the company’s stock after purchasing an additional 4,782 shares during the period. Assetmark Inc.’s holdings in Tyson Foods were worth $22,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TSN. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 1.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Tyson Foods by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock valued at $251,000 after acquiring an additional 232 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Tyson Foods by 149.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock valued at $25,124,000 after acquiring an additional 252,635 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in Tyson Foods in the third quarter valued at $179,000. Finally, National Pension Service raised its stake in Tyson Foods by 30.6% in the third quarter. National Pension Service now owns 643,482 shares of the company’s stock valued at $38,326,000 after buying an additional 150,754 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.5 %

TSN stock opened at $60.79 on Thursday. The stock has a market capitalization of $21.65 billion, a P/E ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $53.08 and a one year high of $66.88. The company has a 50 day moving average price of $57.63 and a two-hundred day moving average price of $60.00.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the previous year, the company earned $0.69 EPS. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $61.10.

About Tyson Foods

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.