International Assets Investment Management LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

International Assets Investment Management LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 5,292.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,520 shares of the company’s stock after buying an additional 19,158 shares during the quarter. International Assets Investment Management LLC’s holdings in Tyson Foods were worth $1,049,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC raised its stake in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC raised its position in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Lindbrook Capital LLC boosted its holdings in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in Tyson Foods in the 3rd quarter worth $39,000. Institutional investors own 67.00% of the company’s stock.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSN shares. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. The Goldman Sachs Group boosted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Citigroup boosted their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.80.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $60.61 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $63.28. The firm has a fifty day simple moving average of $56.28 and a two-hundred day simple moving average of $52.58. The stock has a market capitalization of $21.60 billion, a P/E ratio of -24.54, a PEG ratio of 0.48 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. On average, analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Tyson Foods’s payout ratio is -79.35%.

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.