Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,264,052 shares of the company's stock after acquiring an additional 1,271,750 shares during the quarter. Tyson Foods accounts for about 3.0% of Pzena Investment Management LLC's holdings, making the stock its 13th biggest position. Pzena Investment Management LLC owned about 3.72% of Tyson Foods worth $846,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after buying an additional 173 shares in the last quarter. Syon Capital LLC raised its holdings in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after acquiring an additional 174 shares during the last quarter. Norinchukin Bank The raised its holdings in Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after acquiring an additional 184 shares during the last quarter. Ossiam raised its holdings in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 1.1%

NYSE:TSN traded down $0.61 on Friday, reaching $53.37. The stock had a trading volume of 1,817,962 shares, compared to its average volume of 2,478,330. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $55.40 and a 200 day moving average of $57.78. The stock has a market cap of $19.01 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $52.71 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. Tyson Foods's payout ratio is 77.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSN shares. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective for the company. Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Stephens dropped their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten 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 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.