Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 746,918 shares of the company's stock after buying an additional 27,080 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Tyson Foods worth $47,661,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in Tyson Foods during the 4th quarter valued at about $25,000. Curat Global LLC bought a new position in shares of Tyson Foods during the first quarter valued at approximately $28,000. SRS Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. Ossiam increased its holdings in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the period. Finally, TCTC Holdings LLC raised its stake in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.06 on Wednesday, hitting $57.41. 1,877,467 shares of the company were exchanged, compared to its average volume of 2,428,210. The firm has a market capitalization of $20.45 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $54.01 and a 1-year high of $66.88. The stock's 50 day moving average price is $56.39 and its 200 day moving average price is $58.04.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.48%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. The Goldman Sachs Group started coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. Citigroup boosted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Stephens lowered their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock 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 note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price of $63.11.

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.