First Trust Advisors LP Has $21.48 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

First Trust Advisors LP lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 348.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,876 shares of the company's stock after acquiring an additional 290,501 shares during the period. First Trust Advisors LP owned 0.10% of Tyson Foods worth $21,475,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Riverview Trust Co increased its position in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares during the period. TCTC Holdings LLC lifted its holdings in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after acquiring an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $42,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Citigroup boosted their target price 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. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.78.

Tyson Foods Trading Up 1.1 %

Shares of TSN stock traded up $0.67 during trading hours on Wednesday, reaching $61.25. 2,959,315 shares of the stock traded hands, compared to its average volume of 2,340,122. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $21.82 billion, a PE ratio of 20.69, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The business has a fifty day moving average price of $60.84 and a 200 day moving average price of $59.76.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the previous year, the business earned $0.69 EPS. The company's revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

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.