30,179 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,179 shares of the company's stock, valued at approximately $1,926,000.

Several other hedge funds also recently added to or reduced their stakes in TSN. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after buying an additional 325,361 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after acquiring an additional 178,785 shares in the last quarter. Northern Trust Corp raised its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after buying an additional 118,402 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tyson Foods during the fourth quarter worth about $175,086,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

TSN stock opened at $53.28 on Tuesday. The firm has a 50 day moving average of $55.36 and a 200-day moving average of $57.75. Tyson Foods, Inc. has a 12-month low of $52.71 and a 12-month high of $66.88. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.72 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same period last year, the firm earned $0.62 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. Tyson Foods's dividend payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TSN shares. Stephens dropped their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Citigroup raised their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $63.11.

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.

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