tru Independence LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

tru Independence LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,075 shares of the company's stock after purchasing an additional 5,560 shares during the period. Tyson Foods makes up approximately 1.4% of tru Independence LLC's holdings, making the stock its 28th biggest position. tru Independence LLC's holdings in Tyson Foods were worth $4,663,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in Tyson Foods during the fourth quarter valued at approximately $25,000. Curat Global LLC bought a new stake in shares of Tyson Foods in the first quarter worth $28,000. Ossiam raised its position in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares in the last quarter. TCTC Holdings LLC raised its position in Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of Tyson Foods in the first quarter valued at $53,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Down 0.9%

Tyson Foods stock traded down $0.50 during midday trading on Friday, hitting $54.14. 1,510,359 shares of the company's stock were exchanged, compared to its average volume of 2,447,479. 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 12 month low of $53.58 and a 12 month high of $66.88. The firm has a 50-day moving average of $55.71 and a two-hundred day moving average of $57.92. The company has a market cap of $19.29 billion, a PE ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.59.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. Tyson Foods's payout ratio is 77.82%.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. 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. Stephens cut 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. 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 report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus price target of $63.11.

About Tyson Foods

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.