NEOS Investment Management LLC Has $916,000 Position in Tyson Foods, Inc. (NYSE:TSN)

NEOS Investment Management LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,951 shares of the company’s stock after purchasing an additional 3,731 shares during the quarter. NEOS Investment Management LLC’s holdings in Tyson Foods were worth $916,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TSN. Riverview Trust Co lifted its stake in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group increased its holdings in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. TCTC Holdings LLC boosted its stake in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0 %

NYSE TSN opened at $62.36 on Monday. The stock has a market capitalization of $22.21 billion, a P/E ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.72. The business has a 50 day simple moving average of $59.11 and a 200 day simple moving average of $59.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.21%. Tyson Foods’s payout ratio is currently 67.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on TSN shares. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Stephens raised their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays reduced their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.10.

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.