Diversify Advisory Services LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,377 shares of the company's stock, valued at approximately $629,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in 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 during the last quarter. Forum Financial Management LP raised its stake in Tyson Foods by 30.5% in the first quarter. Forum Financial Management LP now owns 7,812 shares of the company's stock valued at $498,000 after purchasing an additional 1,828 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Tyson Foods by 223.8% during the first quarter. Victory Capital Management Inc. now owns 360,234 shares of the company's stock worth $22,987,000 after acquiring an additional 248,968 shares in the last quarter. Tectonic Advisors LLC increased its stake in shares of Tyson Foods by 1.7% in the first quarter. Tectonic Advisors LLC now owns 16,400 shares of the company's stock worth $1,047,000 after buying an additional 269 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in Tyson Foods by 8.6% in the first quarter. Wealthfront Advisers LLC now owns 133,773 shares of the company's stock valued at $8,536,000 after acquiring an additional 10,548 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Price Performance
Shares of Tyson Foods stock traded up $1.00 during midday trading on Tuesday, reaching $54.31. The company had a trading volume of 946,697 shares, compared to its average volume of 2,479,567. The stock has a fifty day simple moving average of $55.36 and a 200 day simple moving average of $57.75. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $52.71 and a 1-year high of $66.88. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 0.72 and a beta of 0.59.
Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share 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 analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. Tyson Foods's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.
Tyson Foods Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.
Analyst Ratings Changes
A number of analysts have weighed in on TSN shares. The Goldman Sachs Group began 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. Citigroup boosted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price 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. Stephens decreased their target price 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. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and a consensus target price of $63.11.
Read Our Latest Research Report on TSN
Tyson Foods Profile
(
Free Report)
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.
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