Integrated Advisors Network LLC Acquires New Shares in Tyson Foods, Inc. (NYSE:TSN)

Integrated Advisors Network LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,419 shares of the company's stock, valued at approximately $3,536,000.

Other hedge funds also recently modified their holdings of the company. Pallas Capital Advisors LLC purchased a new stake in Tyson Foods in the 1st quarter valued at $777,000. Farther Finance Advisors LLC raised its stake in shares of Tyson Foods by 57.0% in the first quarter. Farther Finance Advisors LLC now owns 15,549 shares of the company's stock valued at $981,000 after buying an additional 5,644 shares during the period. OLD National Bancorp IN lifted its holdings in Tyson Foods by 5.9% during the first quarter. OLD National Bancorp IN now owns 285,305 shares of the company's stock valued at $18,205,000 after purchasing an additional 15,793 shares during the last quarter. UMB Bank n.a. boosted its holdings in Tyson Foods by 7.4% in the 1st quarter. UMB Bank n.a. now owns 3,878 shares of the company's stock worth $247,000 after buying an additional 267 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Tyson Foods in the first quarter valued at $236,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of analyst reports. Stephens decreased 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 report on Tuesday, May 6th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.63.

Tyson Foods Trading Down 1.6%

TSN stock traded down $0.88 during midday trading on Friday, hitting $54.80. The company had a trading volume of 1,744,689 shares, compared to its average volume of 2,393,354. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average price is $57.73 and its 200 day moving average price is $58.80.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) 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 net margin of 1.96% and a return on equity of 6.87%. The company's revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

About Tyson Foods

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.