Nicholas Hoffman & Company LLC. Has $394,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Nicholas Hoffman & Company LLC. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,610 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Tyson Foods were worth $394,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after acquiring an additional 1,939,508 shares in the last quarter. Davis Selected Advisers bought a new stake in shares of Tyson Foods during the second quarter worth about $177,439,000. Jacobs Levy Equity Management Inc. boosted its holdings in Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in 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 purchasing an additional 398,404 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of TSN stock opened at $58.82 on Thursday. The stock has a market capitalization of $20.93 billion, a P/E ratio of -980.33, a PEG ratio of 0.38 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $61.04 and its 200 day moving average is $59.70. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. Stephens initiated coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target on the stock. 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. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, 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.