Allianz Asset Management GmbH Acquires 75,629 Shares of Tyson Foods, Inc. (NYSE:TSN)

Allianz Asset Management GmbH boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 800,529 shares of the company's stock after purchasing an additional 75,629 shares during the quarter. Allianz Asset Management GmbH owned about 0.22% of Tyson Foods worth $51,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Park Square Financial Group LLC purchased a new position in Tyson Foods during the 4th quarter worth $25,000. Curat Global LLC purchased a new position in Tyson Foods in the first quarter worth $28,000. Ossiam raised its stake in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the period. Rossby Financial LCC bought a new position in Tyson Foods during the first quarter valued at about $53,000. Finally, Transce3nd LLC bought a new position in Tyson Foods during the fourth quarter valued at about $54,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE TSN traded down $0.37 on Thursday, hitting $54.02. The stock had a trading volume of 1,694,834 shares, compared to its average volume of 2,705,556. The firm has a 50-day moving average of $55.28 and a 200-day moving average of $57.67. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods, Inc. has a 52-week low of $52.71 and a 52-week high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a report on Wednesday. The Goldman Sachs Group assumed coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price on the stock. Stephens decreased their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $62.70.

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.