Los Angeles Capital Management LLC Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Los Angeles Capital Management LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1,021.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 293,163 shares of the company's stock after purchasing an additional 267,013 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Tyson Foods worth $18,707,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after purchasing an additional 1,532 shares during the period. Bessemer Group Inc. raised its holdings in shares of Tyson Foods by 11.3% in the first 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 last quarter. VELA Investment Management LLC raised its holdings in shares of Tyson Foods by 45.6% in the first 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 last quarter. World Investment Advisors raised its holdings in shares of Tyson Foods by 54.2% in the first quarter. World Investment Advisors now owns 14,861 shares of the company's stock valued at $948,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Summit Global Investments raised its holdings in shares of Tyson Foods by 212.8% in the first 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 last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Ratings Changes

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

Tyson Foods Stock Performance

Tyson Foods stock traded up $1.19 during midday trading on Tuesday, hitting $54.50. The company's stock had a trading volume of 2,034,876 shares, compared to its average volume of 2,483,614. Tyson Foods, Inc. has a 1-year low of $52.71 and a 1-year 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 has a 50-day moving average price of $55.36 and a two-hundred day moving average price of $57.75. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.72 and a beta of 0.59.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 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.