Cetera Investment Advisers Buys 9,982 Shares of Tyson Foods, Inc. (NYSE:TSN)

Cetera Investment Advisers boosted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,692 shares of the company's stock after acquiring an additional 9,982 shares during the period. Cetera Investment Advisers' holdings in Tyson Foods were worth $3,873,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP bought a new position in shares of Tyson Foods in the 1st quarter worth $2,180,000. VELA Investment Management LLC lifted its holdings in shares of Tyson Foods by 45.6% in the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock worth $1,128,000 after purchasing an additional 5,537 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Tyson Foods by 54.2% in the 1st quarter. World Investment Advisors now owns 14,861 shares of the company's stock worth $948,000 after purchasing an additional 5,226 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after purchasing an additional 157,092 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSN. JPMorgan Chase & Co. cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group began coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Bernstein Bank lowered Tyson Foods to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Citigroup raised their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $61.33.

Tyson Foods Stock Performance

TSN traded up $1.04 during trading hours on Tuesday, hitting $54.85. The stock had a trading volume of 3,637,683 shares, compared to its average volume of 2,724,704. The company's fifty day simple moving average is $54.87 and its 200 day simple moving average is $57.58. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $66.88. The stock has a market cap of $19.54 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company has a quick ratio of 0.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the firm posted $0.87 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 annualized dividend and a yield of 3.6%. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Tyson Foods Company Profile

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.