OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 6,371 Tyson Foods, Inc. (NYSE:TSN)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,371 shares of the company's stock, valued at approximately $407,000.

A number of other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in Tyson Foods during the 4th quarter valued at $2,828,000. Independent Advisor Alliance grew its position in shares of Tyson Foods by 46.4% in the 4th quarter. Independent Advisor Alliance now owns 8,896 shares of the company's stock worth $511,000 after acquiring an additional 2,821 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Tyson Foods by 35.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,150 shares of the company's stock valued at $526,000 after acquiring an additional 2,389 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after acquiring an additional 173 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Tyson Foods by 14.4% during the fourth quarter. Natixis Advisors LLC now owns 246,640 shares of the company's stock worth $14,167,000 after purchasing an additional 30,989 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TSN. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Stephens lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.89 during midday trading on Wednesday, reaching $53.64. 3,105,728 shares of the company traded hands, compared to its average volume of 2,472,829. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.73 and a beta of 0.59. The stock has a 50-day moving average price of $55.48 and a 200 day moving average price of $57.83. Tyson Foods, Inc. has a 52 week low of $52.71 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly 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 analyst estimates of $13.15 billion. During the same period in the prior year, the business posted $0.62 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate 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. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 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.