Xponance Inc. Purchases 79,386 Shares of Tyson Foods, Inc. (NYSE:TSN)

Xponance Inc. boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 117.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,078 shares of the company's stock after acquiring an additional 79,386 shares during the period. Xponance Inc.'s holdings in Tyson Foods were worth $9,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSN. Norges Bank purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $175,086,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after buying an additional 551,530 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after buying an additional 453,853 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Tyson Foods by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after buying an additional 392,200 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $22,059,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stephens cut 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 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 Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, Citigroup boosted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten investment 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 a consensus rating of "Hold" and an average price target of $63.11.

Tyson Foods Stock Performance

NYSE:TSN opened at $54.21 on Friday. 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 52-week low of $53.58 and a 52-week high of $66.88. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.73 and a beta of 0.59. The business's fifty day moving average is $55.58 and its 200 day moving average is $57.89.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.69%. Tyson Foods's dividend payout ratio is currently 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.

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