Signaturefd LLC Has $176,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Signaturefd LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.4% in the 4th quarter, Holdings Channel reports. The fund owned 3,066 shares of the company’s stock after buying an additional 339 shares during the period. Signaturefd LLC’s holdings in Tyson Foods were worth $176,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSN. GSA Capital Partners LLP acquired a new position in Tyson Foods during the third quarter worth about $339,000. Caprock Group LLC raised its stake in Tyson Foods by 3.1% during the third quarter. Caprock Group LLC now owns 9,848 shares of the company’s stock worth $587,000 after acquiring an additional 292 shares in the last quarter. Prospera Financial Services Inc raised its stake in Tyson Foods by 11.7% during the third quarter. Prospera Financial Services Inc now owns 4,298 shares of the company’s stock worth $256,000 after acquiring an additional 451 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Tyson Foods during the third quarter worth about $443,000. Finally, PNC Financial Services Group Inc. raised its stake in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays lowered their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Finally, Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Up 0.1 %

NYSE TSN opened at $60.46 on Friday. The firm has a market capitalization of $21.53 billion, a P/E ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The business has a fifty day simple moving average of $58.55 and a 200 day simple moving average of $59.74. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 2.3% 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.