TD Asset Management Inc increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,199 shares of the company's stock after acquiring an additional 26,203 shares during the period. TD Asset Management Inc's holdings in Tyson Foods were worth $8,180,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Syon Capital LLC raised its stake in shares of Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after acquiring an additional 174 shares in the last quarter. Ossiam increased its holdings in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the period. Norinchukin Bank The increased its holdings in Tyson Foods by 1.7% during the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock worth $632,000 after purchasing an additional 184 shares during the period. Allworth Financial LP boosted its stake in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after buying an additional 191 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company's stock valued at $121,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.
Tyson Foods Stock Performance
Shares of TSN stock opened at $52.29 on Friday. The stock's 50-day moving average is $54.97 and its two-hundred day moving average is $57.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods, Inc. has a 1 year low of $52.22 and a 1 year high of $66.88. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 0.72 and a beta of 0.59.
Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.
Tyson Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on TSN. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Citigroup increased 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. Stephens decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Finally, Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $62.70.
Check Out Our Latest Stock Analysis on TSN
Tyson Foods Company Profile
(
Free Report)
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.
Further Reading

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