Tyson Foods, Inc. (NYSE:TSN) Stake Lifted by OLD National Bancorp IN

OLD National Bancorp IN grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,305 shares of the company's stock after purchasing an additional 15,793 shares during the period. OLD National Bancorp IN owned about 0.08% of Tyson Foods worth $18,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Handelsbanken Fonder AB grew its stake in Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after buying an additional 729 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after purchasing an additional 1,532 shares during the period. Bristlecone Advisors LLC increased its holdings in Tyson Foods by 63.1% in the fourth quarter. Bristlecone Advisors LLC now owns 28,215 shares of the company's stock valued at $1,621,000 after buying an additional 10,919 shares in the last quarter. Finally, Summit Global Investments raised its holdings in Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after purchasing an additional 157,092 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of TSN traded up $0.04 during mid-day trading on Monday, reaching $55.35. 691,476 shares of the company's stock were exchanged, compared to its average volume of 2,381,750. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The business's fifty day simple moving average is $58.18 and its 200-day simple moving average is $58.96. The stock has a market capitalization of $19.72 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter last year, the business earned $0.62 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts expect 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. Shareholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Analyst Upgrades and Downgrades

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

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.