Invesco Ltd. Has $275.23 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Invesco Ltd. has reduced its holdings in Tyson Foods by 0.8%, selling 34,204 shares and retaining ownership of approximately 4.31 million shares valued at $275 million.
• Several hedge funds, including Vanguard Group and Davis Selected Advisers, have increased their positions in Tyson Foods, reflecting ongoing institutional interest in the company.
• Tyson Foods recently reported earnings of $0.91 per share for the quarter, surpassing analyst expectations, and has declared a quarterly dividend of $0.50, indicating a strong cash position.

Invesco Ltd. cut its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,313,319 shares of the company's stock after selling 34,204 shares during the period. Invesco Ltd. owned 1.21% of Tyson Foods worth $275,233,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. Park Square Financial Group LLC acquired a new stake in Tyson Foods during the fourth quarter worth approximately $25,000. Curat Global LLC acquired a new position in shares of Tyson Foods during the 1st quarter worth approximately $28,000. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the 1st quarter worth approximately $28,000. Ossiam grew its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of Tyson Foods during the 1st quarter worth approximately $53,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 2.4%

NYSE TSN traded down $1.38 on Thursday, hitting $56.31. The company's stock had a trading volume of 2,391,998 shares, compared to its average volume of 2,744,426. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The company's 50-day moving average is $54.97 and its 200 day moving average is $57.56. The firm has a market cap of $20.03 billion, a PE ratio of 25.60, a PEG ratio of 0.79 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same period in the prior year, the company posted $0.87 EPS. The company's revenue was up 4.0% on a year-over-year basis. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods announced that its board has authorized a stock buyback program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Tyson Foods's dividend payout ratio is 90.91%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSN. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JP Morgan Cazenove decreased their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Stephens decreased their target price on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Finally, Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $61.33.

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.