Tyson Foods, Inc. (NYSE:TSN) Position Increased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 36.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,581 shares of the company's stock after purchasing an additional 8,392 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Tyson Foods were worth $2,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter valued at $175,086,000. Arrowstreet Capital Limited Partnership boosted its stake in Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after purchasing an additional 551,530 shares during the period. GAMMA Investing LLC grew its position in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after purchasing an additional 453,853 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Tyson Foods by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after buying an additional 392,200 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Shares of NYSE:TSN traded up $0.17 during trading hours on Thursday, hitting $54.81. 293,103 shares of the company's stock traded hands, compared to its average volume of 2,407,045. The company's fifty day simple moving average is $56.81 and its two-hundred day simple moving average is $58.23. The company has a market cap of $19.53 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.73 and a beta of 0.60. 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 52 week low of $54.01 and a 52 week high of $66.88.

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, topping analysts' consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSN shares. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on Tyson Foods in a research note on Monday. They issued a "buy" rating and a $67.00 price target for the company. Citigroup upped their price objective 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. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens dropped 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 research report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.