Artemis Investment Management LLP Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Artemis Investment Management LLP bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,859 shares of the company's stock, valued at approximately $5,096,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSN. Handelsbanken Fonder AB boosted its position in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Tyson Foods during the fourth quarter valued at $1,502,000. New York Life Investment Management LLC raised its stake in Tyson Foods by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 38,598 shares of the company's stock valued at $2,217,000 after purchasing an additional 303 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Tyson Foods during the fourth quarter valued at $2,828,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. JPMorgan Chase & Co. decreased their price target 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. Citigroup upped their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Stephens reduced their target price on shares of 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. Finally, Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Trading Up 0.4%

TSN stock traded up $0.22 during trading on Friday, hitting $55.24. The company had a trading volume of 3,256,002 shares, compared to its average volume of 2,423,256. The firm has a market capitalization of $19.68 billion, a P/E ratio of 21.49, a PEG ratio of 0.72 and a beta of 0.60. Tyson Foods, Inc. has a 52-week low of $54.01 and a 52-week high of $66.88. The company has a 50 day simple moving average of $56.57 and a 200-day simple moving average of $58.10. 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 (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $13.07 billion for 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 quarter last year, the firm posted $0.62 EPS. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 yield of 3.62%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's 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.