Jefferies Financial Group Inc. Purchases 8,001 Shares of Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Jefferies Financial Group Inc. increased its stake in Tyson Foods by 57.9%, acquiring an additional 8,001 shares, bringing its total to 21,811 shares worth approximately $1.39 million.
• Several institutional investors have significantly boosted their holdings in Tyson Foods, with Pacer Advisors Inc. raising its stake by 4,207.2% in the first quarter.
• Tyson Foods announced a quarterly dividend of $0.50, which reflects an annualized yield of 3.8%, with a payout ratio of 77.82%.

Jefferies Financial Group Inc. lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 57.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,811 shares of the company's stock after acquiring an additional 8,001 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Tyson Foods were worth $1,392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSN. Pacer Advisors Inc. lifted its holdings in shares of Tyson Foods by 4,207.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after acquiring an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC increased its stake in Tyson Foods by 10.6% in the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after buying an additional 1,271,750 shares during the period. GAMMA Investing LLC increased its stake in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after buying an additional 453,853 shares during the period. Two Sigma Advisers LP increased its stake in Tyson Foods by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after buying an additional 392,200 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Tyson Foods in the 4th quarter worth about $22,059,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TSN shares. BMO Capital Markets reduced their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Citigroup raised their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. cut 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 report on Tuesday, May 6th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.33.

Tyson Foods Stock Up 0.4%

Shares of Tyson Foods stock opened at $52.53 on Monday. The firm's 50 day moving average price is $54.90 and its 200-day moving average price is $57.59. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a market cap of $18.71 billion, a P/E ratio of 20.44, a PEG ratio of 0.71 and a beta of 0.59.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Tyson Foods Company 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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