9,657 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,657 shares of the company's stock, valued at approximately $616,000.

Several other hedge funds have also recently bought and sold shares of TSN. Envestnet Portfolio Solutions Inc. grew its position in shares of Tyson Foods by 14.6% in 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 last quarter. Bessemer Group Inc. grew its position in Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after buying an additional 651 shares in the last quarter. VELA Investment Management LLC grew its position in Tyson Foods by 45.6% during the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock worth $1,128,000 after buying an additional 5,537 shares in the last quarter. World Investment Advisors grew its position in Tyson Foods by 54.2% during the first quarter. World Investment Advisors now owns 14,861 shares of the company's stock worth $948,000 after buying an additional 5,226 shares in the last quarter. Finally, Summit Global Investments grew its position in Tyson Foods by 212.8% during the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after buying an additional 157,092 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the topic of a number of recent research reports. Stephens decreased their target price on 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 cut 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 set a "buy" rating and a $67.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, 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 report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Down 2.9%

Shares of Tyson Foods stock traded down $1.59 during trading hours on Tuesday, reaching $52.74. 2,676,675 shares of the company's stock were exchanged, compared to its average volume of 2,464,657. The company has a 50 day moving average of $55.54 and a two-hundred day moving average of $57.87. Tyson Foods, Inc. has a fifty-two week low of $52.72 and a fifty-two week high of $66.88. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.79 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.72 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the prior year, the firm earned $0.62 EPS. The business's revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.79%. Tyson Foods's dividend payout ratio is presently 77.82%.

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.