Sound Income Strategies LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Sound Income Strategies LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,306 shares of the company's stock after acquiring an additional 4,769 shares during the quarter. Sound Income Strategies LLC's holdings in Tyson Foods were worth $3,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSN. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock worth $270,014,000 after purchasing an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tyson Foods in the 4th quarter worth about $175,086,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 1.7%

TSN stock traded down $0.92 during trading on Friday, hitting $54.75. 3,090,025 shares of the company traded hands, compared to its average volume of 2,399,952. The firm has a market capitalization of $19.50 billion, a PE ratio of 18.50, a P/E/G ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a 1 year low of $53.91 and a 1 year high of $66.88. The company has a 50-day moving average of $57.67 and a 200-day moving average of $58.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the prior year, the business posted $0.62 EPS. Tyson Foods's quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. Tyson Foods's dividend payout ratio is currently 77.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TSN shares. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. 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 cut 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, JPMorgan Chase & Co. dropped their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $62.63.

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.