Matrix Asset Advisors Inc. NY Has $12.57 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Matrix Asset Advisors Inc. NY lifted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,054 shares of the company's stock after acquiring an additional 29,077 shares during the quarter. Matrix Asset Advisors Inc. NY owned approximately 0.06% of Tyson Foods worth $12,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Tyson Foods during the 4th quarter worth approximately $175,086,000. Arrowstreet Capital Limited Partnership increased its holdings in Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after buying an additional 551,530 shares during the last quarter. GAMMA Investing LLC raised its position in Tyson Foods by 5,809.7% during 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. Bank of New York Mellon Corp lifted its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Tyson Foods by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after acquiring an additional 392,200 shares during the period. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSN. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Stephens dropped their price objective on 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. Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.05 during trading hours on Friday, reaching $54.38. 3,954,769 shares of the stock were exchanged, compared to its average volume of 2,411,139. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 0.71 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods, Inc. has a 52 week low of $54.01 and a 52 week high of $66.88. The stock's fifty day simple moving average is $57.17 and its 200 day simple moving average is $58.32.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 3.68%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

About Tyson Foods

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.