Manning & Napier Advisors LLC Takes Position in Tyson Foods, Inc. $TSN

Key Points

• Manning & Napier Advisors initiated a Tyson Foods position by purchasing 53,406 shares valued at approximately $3.13 million. Institutional investors collectively own 67% of the company.
• Tyson Foods reported quarterly EPS of $0.99, matching estimates, while revenue of $13.87 billion fell short of expectations and declined slightly year over year. The stock opened at $57.22, down 1.1%.
• The company declared a quarterly dividend of $0.51 per share, equivalent to an annualized $2.04 payout and a 3.6% yield. Analysts’ average rating remains Hold, with an average price target of $70.67.

Manning & Napier Advisors LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 53,406 shares of the company's stock, valued at approximately $3,132,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Cary Street Partners Investment Advisory LLC grew its stake in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company's stock worth $30,000 after acquiring an additional 198 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Tyson Foods in the 1st quarter worth about $30,000. Basecamp Wealth Advisors LLC boosted its stake in Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock worth $30,000 after purchasing an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock worth $31,000 after purchasing an additional 364 shares in the last quarter. Finally, Activest Wealth Management grew its position in Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company's stock valued at $32,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.1%

NYSE:TSN opened at $57.22 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a market cap of $20.13 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. The company has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $61.30.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. Tyson Foods's dividend payout ratio is currently 125.93%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Zacks Research cut shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $71.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. HSBC reduced their target price on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $70.67.

Tyson Foods Company Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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