Tyson Foods, Inc. (NYSE:TSN) Stake Boosted by nVerses Capital LLC

nVerses Capital LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 56.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,000 shares of the company’s stock after purchasing an additional 7,200 shares during the period. Tyson Foods comprises approximately 0.5% of nVerses Capital LLC’s portfolio, making the stock its 3rd biggest holding. nVerses Capital LLC’s holdings in Tyson Foods were worth $1,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. First Financial Corp IN bought a new position in shares of Tyson Foods during the first quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in Tyson Foods in the 1st quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the period. Mather Group LLC. purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods during the second quarter valued at approximately $54,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Down 0.6 %

Shares of TSN traded down $0.34 during mid-day trading on Thursday, reaching $60.26. The company had a trading volume of 116,774 shares, compared to its average volume of 2,464,549. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of -1,010.00, a price-to-earnings-growth ratio of 0.35 and a beta of 0.78. The firm has a 50-day moving average price of $61.62 and a 200 day moving average price of $59.66.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.25%. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSN shares. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Stephens began coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $59.22.

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.