Y Intercept Hong Kong Ltd Takes $1.52 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Y Intercept Hong Kong Ltd acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,835 shares of the company's stock, valued at approximately $1,521,000.

A number of other institutional investors also recently added to or reduced their stakes in TSN. Mizuho Securities USA LLC boosted its stake in shares of Tyson Foods by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 27,093 shares of the company's stock worth $1,556,000 after acquiring an additional 8,559 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tyson Foods by 65.2% during the 4th quarter. American Century Companies Inc. now owns 126,789 shares of the company's stock worth $7,283,000 after acquiring an additional 50,055 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Tyson Foods by 2.1% during the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock worth $12,003,000 after acquiring an additional 4,266 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 325,361 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.7%

NYSE TSN traded down $0.37 during trading hours on Thursday, hitting $54.02. The company had a trading volume of 1,694,834 shares, compared to its average volume of 2,427,208. Tyson Foods, Inc. has a fifty-two week low of $52.71 and a fifty-two week high of $66.88. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 0.74 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The firm's 50 day moving average is $55.25 and its 200 day moving average is $57.65.

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 return on equity of 7.43% and a net margin of 1.70%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm's quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share 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 paid 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 3.70%. Tyson Foods's dividend payout ratio is presently 77.82%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSN. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday. Finally, Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price of $62.70.

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.