Pacer Advisors Inc. Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Pacer Advisors Inc. significantly increased its stake in Tyson Foods, Inc. by over 4,200%, now holding approximately 1.6 million shares valued at $104.3 million.
• The company recently announced a $0.50 quarterly dividend, translating to an annualized yield of 3.70% with a payout ratio of 77.82%.
• Tyson Foods had a net margin of 1.70% and reported quarterly earnings of $0.92 per share, exceeding analysts' expectations.

Pacer Advisors Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4,207.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,635,237 shares of the company's stock after purchasing an additional 1,597,272 shares during the period. Pacer Advisors Inc. owned about 0.46% of Tyson Foods worth $104,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after buying an additional 325,361 shares during the period. Pzena Investment Management LLC raised its position in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the period. Geode Capital Management LLC lifted its holdings in Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Northern Trust Corp grew its position in shares of Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the period. Finally, Norges Bank acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $175,086,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Down 0.7%

Shares of TSN opened at $54.02 on Friday. Tyson Foods, Inc. has a 52-week low of $52.71 and a 52-week high of $66.88. 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 stock has a fifty day simple moving average of $55.25 and a two-hundred day simple moving average of $57.65. The company has a market capitalization of $19.24 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59.

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

Tyson Foods Announces Dividend

The firm also recently disclosed 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 yield of 3.70%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 77.82%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSN shares. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $74.00 to $59.00 in a research note on Wednesday. Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, Stephens reduced their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $62.70.

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.

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