World Investment Advisors Buys 5,226 Shares of Tyson Foods, Inc. (NYSE:TSN)

World Investment Advisors boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 54.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,861 shares of the company's stock after purchasing an additional 5,226 shares during the period. World Investment Advisors' holdings in Tyson Foods were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in shares of Tyson Foods by 5.3% in the fourth quarter. M&T Bank Corp now owns 25,149 shares of the company's stock valued at $1,445,000 after acquiring an additional 1,268 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $2,828,000. Raymond James Financial Inc. bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $22,059,000. AlphaQuest LLC raised its stake in shares of Tyson Foods by 18.3% in the fourth quarter. AlphaQuest LLC now owns 16,460 shares of the company's stock valued at $945,000 after acquiring an additional 2,543 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in shares of Tyson Foods by 46.4% in the fourth quarter. Independent Advisor Alliance now owns 8,896 shares of the company's stock valued at $511,000 after acquiring an additional 2,821 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut 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 note 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 for the company in a report on Tuesday, May 6th. Citigroup raised 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. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.11.

Tyson Foods Trading Down 0.8%

TSN traded down $0.43 during trading on Friday, reaching $54.21. 3,147,584 shares of the company's stock were exchanged, compared to its average volume of 2,453,750. The company's fifty day moving average price is $55.71 and its 200-day moving average price is $57.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods, Inc. has a fifty-two week low of $53.58 and a fifty-two week high of $66.88. The firm has a market capitalization of $19.31 billion, a PE ratio of 21.09, a P/E/G ratio of 0.74 and a beta of 0.59.

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

Tyson Foods Dividend Announcement

The company 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

About Tyson Foods

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.