Victory Capital Management Inc. Has $22.99 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Victory Capital Management Inc. grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 223.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,234 shares of the company's stock after acquiring an additional 248,968 shares during the period. Victory Capital Management Inc. owned 0.10% of Tyson Foods worth $22,987,000 as of its most recent SEC filing.

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

Tyson Foods Stock Down 0.3%

Shares of NYSE:TSN opened at $53.28 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a fifty-two week low of $52.71 and a fifty-two week high of $66.88. The firm's 50 day moving average price is $55.36 and its 200 day moving average price is $57.75. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 0.72 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period last year, the firm posted $0.62 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSN. Stephens cut 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 report on Tuesday, May 6th. 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. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup raised their price objective 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. Finally, The Goldman Sachs Group started coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.11.

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.

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