Simon Quick Advisors LLC Invests $446,000 in Tyson Foods, Inc. (NYSE:TSN)

Simon Quick Advisors LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,995 shares of the company's stock, valued at approximately $446,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $25,000. Riverview Trust Co boosted its stake in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the period. Curat Global LLC purchased a new stake in shares of Tyson Foods during the first quarter valued at $28,000. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the period. Finally, Ossiam lifted its stake in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

TSN stock traded down $0.92 during trading on Friday, hitting $54.75. 3,090,025 shares of the company's stock traded hands, compared to its average volume of 2,399,952. The stock has a fifty day moving average price of $57.67 and a two-hundred day moving average price of $58.70. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52 week low of $53.91 and a 52 week high of $66.88.

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, beating analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. 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 prior year, the company earned $0.62 EPS. Tyson Foods's revenue was up .0% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given 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 3.65%. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Analysts Set New Price Targets

A number of research firms have issued reports on TSN. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Stephens dropped their target price on shares of 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. Finally, Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.63.

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.