Great Lakes Advisors LLC Invests $1.67 Million in Tyson Foods, Inc. $TSN

Key Points

• Great Lakes Advisors initiated a Tyson Foods stake worth approximately $1.67 million by purchasing 29,080 shares in the second quarter. Institutional investors collectively own 67% of the company.
• Analysts have a mixed outlook: Tyson carries an average “Hold” rating and a consensus price target of $70.67, while several firms recently lowered targets and Zacks downgraded the stock to “Strong Sell.”
• Tyson reported quarterly EPS of $0.99, matching estimates, on revenue of $13.87 billion. The company declared a $0.51 quarterly dividend, equivalent to a 3.5% annualized yield, though its payout ratio stands at 125.93%.

Great Lakes Advisors LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,080 shares of the company's stock, valued at approximately $1,665,000.

Several other hedge funds have also added to or reduced their stakes in TSN. Foster & Motley Inc. bought a new stake in shares of Tyson Foods during the second quarter worth approximately $411,000. Cary Street Partners Financial LLC lifted its holdings in Tyson Foods by 21.5% in the second quarter. Cary Street Partners Financial LLC now owns 76,583 shares of the company's stock valued at $4,384,000 after buying an additional 13,570 shares during the period. Rosenberg Matthew Hamilton boosted its stake in Tyson Foods by 15.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,995 shares of the company's stock valued at $114,000 after acquiring an additional 260 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Tyson Foods by 8.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,026 shares of the company's stock worth $804,000 after acquiring an additional 1,087 shares during the period. Finally, Cidel Asset Management Inc. grew its holdings in Tyson Foods by 3.5% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,807 shares of the company's stock worth $561,000 after acquiring an additional 330 shares during the period. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSN. Sanford C. Bernstein cut their price target on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating on the stock in a research note on Thursday, July 2nd. Zacks Research cut Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $71.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. BMO Capital Markets reissued an "outperform" rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Stephens raised their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $70.67.

Tyson Foods Price Performance

Shares of TSN opened at $58.42 on Friday. The stock has a 50 day simple moving average of $57.95 and a 200 day simple moving average of $61.44. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a market capitalization of $20.55 billion, a PE ratio of 36.06, a P/E/G ratio of 1.95 and a beta of 0.40.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods's payout ratio is currently 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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