Rhumbline Advisers Acquires 55,453 Shares of Tyson Foods, Inc. (NYSE:TSN)

Rhumbline Advisers increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 621,149 shares of the company's stock after buying an additional 55,453 shares during the period. Rhumbline Advisers owned 0.17% of Tyson Foods worth $39,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Tyson Foods in the 4th quarter worth approximately $25,000. Riverview Trust Co lifted its stake in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after purchasing an additional 445 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares in the last quarter. Ossiam lifted its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares in the last quarter. Finally, TCTC Holdings LLC lifted its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

TSN stock traded down $0.45 during mid-day trading on Thursday, hitting $55.17. 2,691,486 shares of the stock were exchanged, compared to its average volume of 2,387,637. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The business has a fifty day moving average price of $58.51 and a 200 day moving average price of $59.14. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm 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 company posted $0.62 earnings per share. The company's revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased 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. Citigroup raised their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Stephens cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.63.

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.