Stevens Capital Management LP Takes $354,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Stevens Capital Management LP has acquired 5,545 shares of Tyson Foods, valued at approximately $354,000, as revealed in their recent SEC filing.
• Tyson Foods recently reported $0.92 earnings per share for the last quarter, surpassing the consensus estimate of $0.85.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 3.71%, set to be paid on September 12th.

Stevens Capital Management LP bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,545 shares of the company's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $25,000. Curat Global LLC purchased a new stake in shares of Tyson Foods in the first quarter valued at about $28,000. Ossiam boosted its stake in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the period. Rossby Financial LCC purchased a new position in Tyson Foods during the first quarter worth about $53,000. Finally, Transce3nd LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Stephens lowered 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. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.70.

Tyson Foods Stock Down 0.7%

Tyson Foods stock traded down $0.36 during midday trading on Wednesday, hitting $53.29. 757,505 shares of the company were exchanged, compared to its average volume of 2,681,177. The company's fifty day moving average price is $55.10 and its 200-day moving average price is $57.64. The company has a market cap of $18.98 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. Tyson Foods, Inc. has a fifty-two week low of $52.71 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion for 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 company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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

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.