LPL Financial LLC Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

LPL Financial LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,851 shares of the company's stock after acquiring an additional 18,885 shares during the quarter. LPL Financial LLC owned 0.06% of Tyson Foods worth $14,539,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC boosted its position in shares of Tyson Foods by 4.2% in the first quarter. Empirical Finance LLC now owns 10,258 shares of the company's stock worth $655,000 after purchasing an additional 416 shares during the period. TD Asset Management Inc lifted its position in shares of Tyson Foods by 25.7% in the first quarter. TD Asset Management Inc now owns 128,199 shares of the company's stock worth $8,180,000 after buying an additional 26,203 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Tyson Foods by 9.4% during the 1st quarter. HB Wealth Management LLC now owns 8,379 shares of the company's stock valued at $535,000 after acquiring an additional 719 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Tyson Foods in the 1st quarter worth $354,000. Finally, Pacer Advisors Inc. grew its position in Tyson Foods by 4,207.2% in the first 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 in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN stock traded up $0.71 during midday trading on Friday, reaching $57.05. The stock had a trading volume of 2,497,277 shares, compared to its average volume of 2,736,614. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a current ratio of 1.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $54.86 and its 200 day simple moving average is $57.55. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59.

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

Tyson Foods announced that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend on an annualized basis and a yield of 3.5%. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Wall Street Analyst Weigh In

TSN has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Bernstein Bank lowered Tyson Foods to a "market perform" rating and dropped 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 reduced their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus 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.