Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 52.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 638,137 shares of the company's stock after acquiring an additional 218,321 shares during the period. Assenagon Asset Management S.A. owned about 0.18% of Tyson Foods worth $40,720,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TSN. Apollon Wealth Management LLC acquired a new position in shares of Tyson Foods in the 4th quarter valued at $228,000. Kingsview Wealth Management LLC raised its position in shares of Tyson Foods by 7.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company's stock valued at $311,000 after buying an additional 376 shares during the last quarter. Empowered Funds LLC raised its position in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Tyson Foods by 84.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,216 shares of the company's stock valued at $702,000 after buying an additional 5,580 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Tyson Foods by 19.8% in the fourth quarter. Savant Capital LLC now owns 16,137 shares of the company's stock valued at $927,000 after purchasing an additional 2,668 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 1.7%

Shares of TSN traded down $0.92 during mid-day trading on Friday, hitting $54.75. 3,090,025 shares of the company's stock were exchanged, compared to its average volume of 2,397,438. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock's 50-day moving average is $57.67 and its 200-day moving average is $58.74.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. On average, sell-side analysts anticipate 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 issued a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.65%. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Stephens dropped 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 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, Citigroup increased their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.63.

Tyson Foods 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.