34,158 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Tabor Asset Management LP

Tabor Asset Management LP acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,158 shares of the company's stock, valued at approximately $2,180,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 325,361 shares in the last quarter. Pzena Investment Management LLC grew 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 worth $846,379,000 after purchasing an additional 1,271,750 shares during the last quarter. Geode Capital Management LLC raised its position in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Northern Trust Corp raised its position in Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Tyson Foods during the 4th quarter worth approximately $175,086,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TSN. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Stephens lowered their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group began coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Finally, Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. 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 a consensus rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Performance

TSN traded down $0.16 on Monday, hitting $53.25. 124,317 shares of the company's stock were exchanged, compared to its average volume of 2,477,358. The stock has a fifty day moving average of $55.36 and a two-hundred day moving average of $57.75. Tyson Foods, Inc. has a twelve month low of $52.71 and a twelve month high of $66.88. The firm has a market cap of $18.97 billion, a PE ratio of 20.74, a P/E/G ratio of 0.72 and a beta of 0.59. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping 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 firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same period last year, the firm posted $0.62 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.76%. Tyson Foods's dividend payout ratio is 77.82%.

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.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.