Natixis Advisors LLC Has $16.80 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Natixis Advisors LLC increased its holdings in Tyson Foods by 6.8% during the first quarter, owning approximately 263,322 shares worth $16.80 million.
• Several hedge funds significantly modified their positions in Tyson Foods, with Pacer Advisors Inc. boosting holdings by over 4,200%, now owning 1.6 million shares valued at $104.3 million.
• Tyson Foods recently declared a quarterly dividend of $0.50, representing an annualized yield of 3.8% and a payout ratio of 77.82%.

Natixis Advisors LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,322 shares of the company's stock after buying an additional 16,682 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Tyson Foods worth $16,803,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TSN. Pacer Advisors Inc. boosted its holdings in Tyson Foods by 4,207.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC raised 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 buying an additional 1,271,750 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Tyson Foods by 5,809.7% in the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after buying an additional 453,853 shares during the period. Two Sigma Advisers LP grew its position in Tyson Foods by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after buying an additional 392,200 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Tyson Foods during the fourth quarter valued at about $22,059,000. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research reports. JP Morgan Cazenove reduced their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. reduced their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on shares of 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $61.33.

Tyson Foods Price Performance

NYSE:TSN opened at $52.53 on Friday. The firm has a market cap of $18.71 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. The company's 50-day moving average price is $54.90 and its two-hundred day moving average price is $57.58. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the company earned $0.62 EPS. Tyson Foods's revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's 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.

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