Pzena Investment Management LLC Has $316.47 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Pzena Investment Management LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,887,724 shares of the company's stock after purchasing an additional 446,904 shares during the period. Tyson Foods makes up approximately 1.2% of Pzena Investment Management LLC's portfolio, making the stock its 26th biggest holding. Pzena Investment Management LLC owned 1.66% of Tyson Foods worth $316,465,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Sugarloaf Wealth Management LLC increased its holdings in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock valued at $30,000 after buying an additional 254 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after acquiring an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the period. Stone House Investment Management LLC purchased a new position in Tyson Foods during the fourth quarter valued at $40,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Tyson Foods in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.2 %

Tyson Foods stock traded down $0.74 during midday trading on Wednesday, reaching $60.30. 3,292,745 shares of the stock traded hands, compared to its average volume of 2,838,670. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.53 billion, a PE ratio of -33.88, a price-to-earnings-growth ratio of 0.45 and a beta of 0.74. The company has a 50-day simple moving average of $59.21 and a two-hundred day simple moving average of $54.65. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 17th. Bank of America upgraded Tyson Foods from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets raised their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a "market perform" rating in a report on Tuesday, May 7th. Finally, Stephens reaffirmed an "overweight" rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $60.22.

About Tyson Foods

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.