tru Independence LLC Buys 5,560 Shares of Tyson Foods, Inc. (NYSE:TSN)

tru Independence LLC grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 73,075 shares of the company's stock after acquiring an additional 5,560 shares during the period. Tyson Foods accounts for approximately 1.4% of tru Independence LLC's investment portfolio, making the stock its 28th biggest position. tru Independence LLC's holdings in Tyson Foods were worth $4,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Envestnet Portfolio Solutions Inc. lifted its holdings in Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after buying an additional 1,532 shares during the period. Bessemer Group Inc. raised its position in shares of Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after acquiring an additional 651 shares during the last quarter. VELA Investment Management LLC lifted its stake in shares of Tyson Foods by 45.6% in the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock worth $1,128,000 after acquiring an additional 5,537 shares during the period. World Investment Advisors boosted its holdings in Tyson Foods by 54.2% in the first quarter. World Investment Advisors now owns 14,861 shares of the company's stock valued at $948,000 after acquiring an additional 5,226 shares during the last quarter. Finally, Summit Global Investments increased its position in Tyson Foods by 212.8% during the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after purchasing an additional 157,092 shares during the period. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen lowered 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 Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. Stephens lowered their target price 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, Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Down 0.8%

Shares of NYSE TSN traded down $0.43 during midday trading on Friday, hitting $54.21. 3,147,933 shares of the stock traded hands, compared to its average volume of 2,464,666. 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 one year low of $53.58 and a one year high of $66.88. The business has a 50 day moving average price of $55.58 and a two-hundred day moving average price of $57.89. The company has a market cap of $19.31 billion, a PE ratio of 21.09, a P/E/G ratio of 0.72 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating 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 business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Tyson Foods's quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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 given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.69%. Tyson Foods's payout ratio is 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.