Mackenzie Financial Corp Acquires 58,329 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mackenzie Financial Corp increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,789 shares of the company's stock after purchasing an additional 58,329 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of Tyson Foods worth $21,044,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSN. Pacer Advisors Inc. lifted its holdings 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 purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC raised its position in Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. GAMMA Investing LLC raised its position in Tyson Foods by 5,809.7% in the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after acquiring an additional 453,853 shares in the last quarter. Two Sigma Advisers LP raised its position in Tyson Foods by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after acquiring an additional 392,200 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Tyson Foods in the fourth quarter worth about $22,059,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.63 during trading hours on Thursday, reaching $52.29. 2,486,765 shares of the company were exchanged, compared to its average volume of 2,332,167. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 0.72 and a beta of 0.59. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $55.03 and a 200 day moving average of $57.61. Tyson Foods, Inc. has a 12 month low of $52.22 and a 12 month high of $66.88.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

Analyst Ratings Changes

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

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.