Liberty One Investment Management LLC Purchases 7,427 Shares of Tyson Foods, Inc. (NYSE:TSN)

Liberty One Investment Management LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,075 shares of the company's stock after purchasing an additional 7,427 shares during the quarter. Liberty One Investment Management LLC's holdings in Tyson Foods were worth $5,237,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after purchasing an additional 1,532 shares during the period. VELA Investment Management LLC boosted its stake in Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after purchasing an additional 5,537 shares during the period. Bessemer Group Inc. boosted its stake in Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after purchasing an additional 651 shares during the period. Summit Global Investments boosted its stake in Tyson Foods by 212.8% during the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after purchasing an additional 157,092 shares during the period. Finally, LPL Financial LLC boosted its stake in Tyson Foods by 2.1% during the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock valued at $12,003,000 after purchasing an additional 4,266 shares during the period. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSN shares. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Citigroup upped their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Stephens cut their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Price Performance

Shares of TSN traded down $0.62 during mid-day trading on Wednesday, reaching $55.09. The company had a trading volume of 2,702,074 shares, compared to its average volume of 2,444,540. Tyson Foods, Inc. has a twelve month low of $54.01 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The company's 50-day moving average is $55.95 and its 200-day moving average is $57.96. The company has a market capitalization of $19.62 billion, a P/E ratio of 21.44, a P/E/G ratio of 0.74 and a beta of 0.59.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.63%. Tyson Foods's dividend payout ratio is 77.82%.

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.