Vident Advisory LLC Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Vident Advisory LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 120.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,417 shares of the company's stock after purchasing an additional 36,338 shares during the period. Vident Advisory LLC's holdings in Tyson Foods were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TSN. Riverview Trust Co boosted its stake in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the period. Ossiam lifted its holdings in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares in the last quarter. TCTC Holdings LLC grew its position in shares of Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after purchasing an additional 387 shares during the period. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $53,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Stephens decreased their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Up 0.3%

Shares of TSN stock traded up $0.14 during trading on Monday, reaching $55.62. The company's stock had a trading volume of 2,629,615 shares, compared to its average volume of 2,400,045. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock's 50-day moving average price is $59.34 and its 200 day moving average price is $59.45. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.60%. Tyson Foods's dividend payout ratio is presently 77.82%.

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.