Jefferies Financial Group Inc. Acquires 39,639 Shares of Tyson Foods, Inc. $TSN

Key Points

• Jefferies Financial Group increased its stake in Tyson Foods by 242.7% in Q3, acquiring an additional 39,639 shares to hold 55,974 shares worth about $3.04 million.
• Tyson missed quarterly EPS ($0.97 vs. $1.01) even as revenue rose 5.1% to $14.31 billion, and the company announced a $0.51 quarterly dividend (annualized yield ~3.4%) with a payout ratio of 364.29%.
• Several analysts raised price targets (Barclays to $78, BMO to $73, JPMorgan to $67), but the consensus rating remains Hold with an average target of $64.27.

Jefferies Financial Group Inc. increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 242.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,974 shares of the company's stock after acquiring an additional 39,639 shares during the period. Jefferies Financial Group Inc.'s holdings in Tyson Foods were worth $3,039,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company's stock worth $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC purchased a new stake in Tyson Foods during the 3rd quarter valued at $28,000. MTM Investment Management LLC purchased a new stake in Tyson Foods during the 2nd quarter valued at $36,000. Wilmington Savings Fund Society FSB lifted its position in Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company's stock worth $37,000 after buying an additional 322 shares during the last quarter. Finally, Caldwell Trust Co bought a new stake in Tyson Foods in the third quarter worth $38,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 1.7%

Shares of Tyson Foods stock opened at $60.26 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 107.61, a PEG ratio of 1.35 and a beta of 0.47. The firm's 50-day moving average is $62.16 and its two-hundred day moving average is $57.57. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Tyson Foods's payout ratio is 364.29%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSN shares. Barclays boosted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, February 3rd. BMO Capital Markets raised their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, Argus raised shares of Tyson Foods to a "hold" rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.27.

About Tyson Foods

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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