Amalgamated Bank Buys 22,774 Shares of Tyson Foods, Inc. (NYSE:TSN)

Amalgamated Bank boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 31.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,190 shares of the company's stock after purchasing an additional 22,774 shares during the period. Amalgamated Bank's holdings in Tyson Foods were worth $5,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Tyson Foods by 48.0% in the 3rd quarter. Fifth Third Bancorp now owns 10,411 shares of the company's stock worth $526,000 after acquiring an additional 3,376 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Tyson Foods by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 22,128 shares of the company's stock worth $1,117,000 after purchasing an additional 533 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Tyson Foods by 7.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 14,865 shares of the company's stock valued at $751,000 after purchasing an additional 1,000 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Tyson Foods by 6.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 24,373 shares of the company's stock valued at $1,231,000 after buying an additional 1,513 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Tyson Foods by 8.5% in the 3rd quarter. M&T Bank Corp now owns 26,037 shares of the company's stock worth $1,314,000 after buying an additional 2,046 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research analyst reports. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research report on Monday, May 13th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the company a "market perform" rating in a research report on Tuesday, May 7th. Stephens restated an "overweight" rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Barclays upgraded shares of Tyson Foods from an "underweight" rating to an "overweight" rating and lifted their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Finally, Citigroup increased their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and a consensus target price of $60.22.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.40 during trading hours on Tuesday, reaching $61.02. The company's stock had a trading volume of 1,742,283 shares, compared to its average volume of 2,820,391. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The firm has a 50 day moving average price of $59.00 and a 200-day moving average price of $54.51. The stock has a market cap of $21.78 billion, a P/E ratio of -34.06, a P/E/G ratio of 0.45 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. On average, analysts predict that Tyson Foods, Inc. will post 2.47 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, August 30th. Tyson Foods's payout ratio is -110.11%.

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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