Envestnet Asset Management Inc. Purchases 186,701 Shares of Tyson Foods, Inc. (NYSE:TSN)

Envestnet Asset Management Inc. raised its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 68.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 458,153 shares of the company's stock after purchasing an additional 186,701 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Tyson Foods worth $29,235,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TSN. Park Square Financial Group LLC bought a new stake in Tyson Foods during the 4th quarter valued at $25,000. Curat Global LLC bought a new stake in shares of Tyson Foods in the 1st quarter valued at about $28,000. Ossiam lifted its position in shares of Tyson Foods by 41.6% in 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. TCTC Holdings LLC increased its holdings in Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares during the period. Finally, Rossby Financial LCC purchased a new stake in Tyson Foods during the first quarter worth $53,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Tyson Foods stock opened at $54.32 on Tuesday. The firm has a market capitalization of $19.35 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $53.58 and a 12-month high of $66.88. The firm has a 50-day moving average price of $55.54 and a 200-day moving average price of $57.87. 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The business 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 business's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Tyson Foods's dividend payout ratio is presently 77.82%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSN. JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group started coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Stephens lowered their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods presently has an average rating of "Hold" and an average target price of $63.11.

Tyson Foods 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.

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