Envestnet Portfolio Solutions Inc. Has $1.33 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Envestnet Portfolio Solutions Inc. raised its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 73.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,874 shares of the company's stock after purchasing an additional 8,813 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Tyson Foods were worth $1,332,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TSN. Norges Bank bought a new position in shares of Tyson Foods in the 4th quarter valued at about $175,086,000. Arrowstreet Capital Limited Partnership lifted its stake in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after purchasing an additional 551,530 shares during the last quarter. GAMMA Investing LLC grew its holdings in Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after purchasing an additional 453,853 shares during the period. Bank of New York Mellon Corp grew its holdings 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 worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Tyson Foods by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after buying an additional 392,200 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSN. 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 report on Tuesday, May 6th. Citigroup increased their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report 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 for the company in a report on Tuesday, May 6th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday. They issued a "buy" rating and a $67.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $63.11.

Tyson Foods Price Performance

Shares of NYSE TSN traded down $0.82 during midday trading on Wednesday, reaching $54.69. 1,777,103 shares of the company were exchanged, compared to its average volume of 2,410,552. The stock's 50-day moving average price is $56.93 and its 200-day moving average price is $58.25. The stock has a market cap of $19.48 billion, a P/E ratio of 21.28, a PEG ratio of 0.72 and a beta of 0.60. 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, Inc. has a one year low of $54.01 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. Tyson Foods's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is currently 77.82%.

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.