QRG Capital Management Inc. Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

QRG Capital Management Inc. raised its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,086 shares of the company's stock after acquiring an additional 24,850 shares during the period. QRG Capital Management Inc.'s holdings in Tyson Foods were worth $7,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in shares of Tyson Foods during the 1st quarter worth approximately $1,658,000. Optas LLC purchased a new stake in shares of Tyson Foods during the 1st quarter worth approximately $204,000. Exchange Traded Concepts LLC raised its holdings in shares of Tyson Foods by 190.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 23,257 shares of the company's stock worth $1,484,000 after acquiring an additional 15,250 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Tyson Foods by 8.4% during the 1st quarter. Sound Income Strategies LLC now owns 61,306 shares of the company's stock worth $3,912,000 after acquiring an additional 4,769 shares in the last quarter. Finally, Palouse Capital Management Inc. raised its holdings in shares of Tyson Foods by 2.5% during the 1st quarter. Palouse Capital Management Inc. now owns 69,766 shares of the company's stock worth $4,452,000 after acquiring an additional 1,684 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $54.73 on Wednesday. The stock's fifty day moving average is $57.51 and its two-hundred day moving average is $58.56. The company has a market capitalization of $19.50 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.72 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $54.01 and a 52 week high of $66.88.

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. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. Tyson Foods's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.63.

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.

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