Wealthfront Advisers LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Wealthfront Advisers LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,773 shares of the company's stock after purchasing an additional 10,548 shares during the quarter. Wealthfront Advisers LLC's holdings in Tyson Foods were worth $8,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after purchasing an additional 325,361 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after acquiring an additional 178,785 shares during the last quarter. Northern Trust Corp boosted its position in shares of Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares during the last quarter. Norges Bank acquired a new position in shares of Tyson Foods during the 4th quarter valued at about $175,086,000. Finally, Deutsche Bank AG boosted its position in shares of Tyson Foods by 7.9% during the 4th quarter. Deutsche Bank AG now owns 2,180,480 shares of the company's stock valued at $125,247,000 after acquiring an additional 159,617 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Trading Up 0.6%

NYSE:TSN traded up $0.33 on Thursday, reaching $53.96. 2,884,818 shares of the company's stock were exchanged, compared to its average volume of 2,480,971. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The business has a fifty day moving average of $55.45 and a 200-day moving average of $57.80. Tyson Foods, Inc. has a 52-week low of $52.71 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly 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. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 3.71%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSN. Citigroup boosted their price target 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. JPMorgan Chase & Co. lowered 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 cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Stephens lowered 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. Finally, 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 target price on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.