VELA Investment Management LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

VELA Investment Management LLC increased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,678 shares of the company's stock after acquiring an additional 5,537 shares during the period. VELA Investment Management LLC's holdings in Tyson Foods were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TSN. Envestnet Portfolio Solutions Inc. lifted its position in Tyson Foods by 14.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after purchasing an additional 1,532 shares during the period. Summit Global Investments lifted its holdings in Tyson Foods by 212.8% in the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after acquiring an additional 157,092 shares during the period. Bessemer Group Inc. grew its stake in shares of Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after purchasing an additional 651 shares during the period. LPL Financial LLC increased its position in shares of Tyson Foods by 2.1% during the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock valued at $12,003,000 after purchasing an additional 4,266 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Tyson Foods by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 33,516 shares of the company's stock worth $2,138,000 after purchasing an additional 925 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN traded down $0.52 during midday trading on Friday, reaching $56.93. The stock had a trading volume of 1,483,645 shares, compared to its average volume of 2,432,459. The stock has a 50-day moving average of $56.14 and a 200-day moving average of $58.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $54.01 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter last year, the company earned $0.62 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 3.51%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSN. Citigroup boosted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Stephens decreased 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. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus target price of $63.11.

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.