Charles Schwab Investment Management Inc. Has $160.18 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Charles Schwab Investment Management Inc. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,510,275 shares of the company's stock after acquiring an additional 53,535 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Tyson Foods worth $160,181,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tyson Foods by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after purchasing an additional 247,051 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after buying an additional 1,271,750 shares in the last quarter. Northern Trust Corp boosted its position in shares of Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares during the period. Deutsche Bank AG grew its stake in shares of Tyson Foods by 7.9% in the fourth quarter. Deutsche Bank AG now owns 2,180,480 shares of the company's stock valued at $125,247,000 after acquiring an additional 159,617 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Tyson Foods by 7.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,096,485 shares of the company's stock valued at $120,422,000 after acquiring an additional 142,488 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stephens cut their price objective on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. BMO Capital Markets cut their target price on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. Finally, 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 on the stock. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.33.

Tyson Foods Price Performance

Tyson Foods stock traded up $1.24 during midday trading on Wednesday, reaching $57.68. The company's stock had a trading volume of 2,587,402 shares, compared to its average volume of 2,732,103. The stock has a market cap of $20.52 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $54.91 and a 200-day moving average price of $57.57. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the business earned $0.87 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods announced that its board has authorized a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

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.