Custom Index Systems LLC Has $1.11 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Custom Index Systems LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 156.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,679 shares of the company’s stock after purchasing an additional 11,388 shares during the period. Custom Index Systems LLC’s holdings in Tyson Foods were worth $1,113,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Amarillo National Bank acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $207,000. Bristlecone Advisors LLC lifted its holdings in Tyson Foods by 1.9% during the 3rd quarter. Bristlecone Advisors LLC now owns 17,296 shares of the company’s stock valued at $1,030,000 after purchasing an additional 319 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the period. Forsta AP Fonden increased its holdings in shares of Tyson Foods by 5.1% in the third quarter. Forsta AP Fonden now owns 56,000 shares of the company’s stock valued at $3,335,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tyson Foods by 28.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock valued at $1,156,000 after purchasing an additional 4,280 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN traded down $0.36 during trading hours on Friday, hitting $58.67. 1,809,547 shares of the company were exchanged, compared to its average volume of 2,449,876. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a fifty-two week low of $45.13 and a fifty-two week high of $66.88. The company has a market cap of $20.95 billion, a price-to-earnings ratio of -32.96, a P/E/G ratio of 0.38 and a beta of 0.78. The firm’s fifty day moving average is $61.27 and its 200 day moving average is $59.69.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analysts Set New Price Targets

Several analysts recently commented on TSN shares. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $59.22.

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.