Gladstone Institutional Advisory LLC Makes New $553,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Gladstone Institutional Advisory LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,282 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Pzena Investment Management LLC boosted its position in Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after purchasing an additional 4,662,332 shares during the period. Davis Selected Advisers bought a new position in Tyson Foods during the second quarter worth $177,439,000. Jupiter Asset Management Ltd. bought a new position in Tyson Foods during the second quarter worth $29,537,000. Van ECK Associates Corp lifted its holdings in shares of Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after buying an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Tyson Foods by 138.7% during the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after buying an additional 336,487 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.4 %

TSN stock opened at $58.36 on Monday. The company has a market cap of $20.77 billion, a PE ratio of -972.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. The business has a 50-day simple moving average of $60.85 and a 200 day simple moving average of $59.71. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. 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 (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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 given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -3,266.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSN shares. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Citigroup dropped their target price 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 raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. 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.