Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by ING Groep NV

Key Points

• ING Groep NV increased its stake in Tyson Foods by 25.7%, owning 38,954 shares worth approximately $2.49 million after purchasing an additional 7,976 shares in the first quarter.
• Tyson Foods reported earnings of $0.91 per share for its last quarter, surpassing analyst expectations of $0.72, with revenues of $13.88 billion compared to estimated $13.54 billion.
• The company announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 3.6%, with a payout ratio of 77.82%.

ING Groep NV raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 25.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,954 shares of the company's stock after purchasing an additional 7,976 shares during the period. ING Groep NV's holdings in Tyson Foods were worth $2,486,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the 4th quarter valued at approximately $25,000. Curat Global LLC bought a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $28,000. Ossiam increased its holdings in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $53,000. Finally, Transce3nd LLC bought a new stake in shares of Tyson Foods in the 4th quarter valued at approximately $54,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. JP Morgan Cazenove lowered their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Stephens lowered their price target on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective for the company. Finally, Bernstein Bank downgraded Tyson Foods to a "market perform" rating and lowered their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $61.33.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.71 on Friday, hitting $57.05. The company's stock had a trading volume of 2,497,277 shares, compared to its average volume of 2,803,840. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 0.78 and a beta of 0.59. The stock's 50-day moving average is $54.88 and its two-hundred day moving average is $57.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The company had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has initiated a stock buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Tyson Foods's dividend payout ratio is presently 90.91%.

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.