OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,371 shares of the company's stock, valued at approximately $407,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased 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 buying an additional 1,597,272 shares during the period. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 453,853 shares during the period. 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 purchasing 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 worth about $22,059,000. 67.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on TSN shares. The Goldman Sachs Group started coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Sanford C. Bernstein cut 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 research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. Citigroup boosted their target price on shares of 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 shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.33.
Get Our Latest Report on Tyson Foods
Tyson Foods Stock Up 0.4%
Shares of NYSE TSN opened at $52.53 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The firm's 50-day simple moving average is $54.90 and its 200 day simple moving average is $57.59.
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. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The company's revenue was up .0% on a year-over-year basis. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.
Tyson Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.8%. Tyson Foods's dividend payout ratio is currently 77.82%.
Tyson Foods Profile
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Free Report)
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.
Further Reading

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