ZWJ Investment Counsel Inc. Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

ZWJ Investment Counsel Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,626 shares of the company's stock after buying an additional 21,485 shares during the period. ZWJ Investment Counsel Inc. owned 0.11% of Tyson Foods worth $24,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Park Square Financial Group LLC acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $25,000. Curat Global LLC bought a new position in Tyson Foods during the first quarter worth $28,000. SRS Capital Advisors Inc. grew its holdings in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the period. Ossiam raised its position in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares in the last quarter. Finally, TCTC Holdings LLC lifted its stake in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after purchasing an additional 387 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective 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 dropped their target price 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. 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. Finally, Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Ten equities research 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 stock currently has a consensus rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.52 during mid-day trading on Friday, reaching $56.93. 1,483,645 shares of the company's stock were exchanged, compared to its average volume of 2,435,509. The business's fifty day simple moving average is $56.21 and its 200 day simple moving average is $58.02. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a one year low of $54.01 and a one year high of $66.88. The firm has a market capitalization of $20.28 billion, a PE ratio of 22.15, a P/E/G ratio of 0.75 and a beta of 0.59.

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

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. Tyson Foods's dividend payout ratio (DPR) 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.