Exchange Traded Concepts LLC Purchases 15,250 Shares of Tyson Foods, Inc. (NYSE:TSN)

Exchange Traded Concepts LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 190.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,257 shares of the company's stock after purchasing an additional 15,250 shares during the period. Exchange Traded Concepts LLC's holdings in Tyson Foods were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. Norges Bank bought a new position in shares of Tyson Foods during the 4th quarter worth about $175,086,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after purchasing an additional 551,530 shares during the period. GAMMA Investing LLC increased its holdings in shares of Tyson Foods by 5,809.7% during the 1st 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 increased its holdings in shares of Tyson Foods by 14.8% during the 4th 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 increased its holdings in shares of Tyson Foods by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after purchasing an additional 392,200 shares during the period. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of 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 lowered their target price on shares of 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, Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $54.32 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.72 and a beta of 0.60. Tyson Foods, Inc. has a 1-year low of $54.01 and a 1-year high of $66.88. The firm's 50-day moving average price is $57.40 and its two-hundred day moving average price is $58.53.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Tyson Foods's revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

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