8,784 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,784 shares of the company's stock, valued at approximately $561,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $25,000. Riverview Trust Co increased its holdings in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after purchasing an additional 445 shares during the period. SRS Capital Advisors Inc. raised its position 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 buying an additional 229 shares in the last quarter. Ossiam increased its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC grew its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.03 during trading hours on Monday, hitting $55.28. The stock had a trading volume of 332,161 shares, compared to its average volume of 2,380,480. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock's fifty day simple moving average is $58.18 and its 200 day simple moving average is $58.96. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 0.74 and a beta of 0.60.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stephens decreased their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $62.63.

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.