AssuredPartners Investment Advisors LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,184 shares of the company's stock, valued at approximately $522,000.

Other hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of Tyson Foods during the 4th quarter valued at approximately $25,000. Riverview Trust Co lifted its holdings in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Curat Global LLC bought a new position in shares of Tyson Foods in the first quarter worth approximately $28,000. SRS Capital Advisors Inc. increased its stake in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares in the last quarter. Finally, Ossiam raised its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Tyson Foods stock traded up $0.16 during midday trading on Thursday, reaching $54.80. 101,480 shares of the stock traded hands, compared to its average volume of 2,406,310. The stock has a market cap of $19.52 billion, a P/E ratio of 21.35, a PEG ratio of 0.73 and a beta of 0.60. The stock's fifty day moving average is $56.81 and its 200-day moving average is $58.23. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $54.01 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the prior 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 research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Analyst Ratings Changes

Several brokerages recently weighed in on TSN. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on Tyson Foods in a research note on Monday. They issued a "buy" rating and a $67.00 price objective for the company. Citigroup lifted 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. JPMorgan Chase & Co. lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Stephens cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.11.

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.