Machina Capital S.A.S. Grows Stake in Tyson Foods, Inc. (NYSE:TSN)

Machina Capital S.A.S. grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 83.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,584 shares of the company's stock after acquiring an additional 13,038 shares during the quarter. Machina Capital S.A.S.'s holdings in Tyson Foods were worth $1,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after acquiring an additional 178,785 shares during the last quarter. Northern Trust Corp lifted its position in Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter worth $175,086,000. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSN shares. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $74.00 to $59.00 in a research report on Wednesday. Citigroup raised their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.70.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.06 during mid-day trading on Friday, reaching $53.95. 1,865,897 shares of the company's stock traded hands, compared to its average volume of 2,390,666. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The firm has a market capitalization of $19.22 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. Tyson Foods, Inc. has a 12 month low of $52.71 and a 12 month high of $66.88. The firm has a 50 day moving average price of $55.25 and a two-hundred day moving average price of $57.65.

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 (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. Tyson Foods's revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio 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.