Qube Research & Technologies Ltd increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 118.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,359 shares of the company’s stock after purchasing an additional 2,903 shares during the period. Qube Research & Technologies Ltd’s holdings in Tyson Foods were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jolley Asset Management LLC acquired a new position in Tyson Foods in the second quarter valued at $4,416,000. Nisa Investment Advisors LLC acquired a new position in Tyson Foods in the second quarter valued at $7,772,000. Gateway Investment Advisers LLC acquired a new position in Tyson Foods in the second quarter valued at $892,000. Security National Bank of Sioux City Iowa IA acquired a new position in Tyson Foods in the second quarter valued at $236,000. Finally, Arizona State Retirement System boosted its stake in Tyson Foods by 27.5% in the second quarter. Arizona State Retirement System now owns 208,773 shares of the company’s stock valued at $14,374,000 after acquiring an additional 45,080 shares in the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Several equities analysts have issued reports on TSN shares. Piper Jaffray Companies restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Monday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Tuesday, July 31st. Barclays decreased their price objective on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Mizuho set a $87.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.73.

In related news, insider Sally Grimes sold 19,258 shares of the stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas P. Hayes sold 20,202 shares of the stock in a transaction dated Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by corporate insiders.

Shares of TSN opened at $63.40 on Friday. Tyson Foods, Inc. has a fifty-two week low of $56.79 and a fifty-two week high of $84.65. The stock has a market cap of $23.32 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.98 and a beta of 0.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The business had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts anticipate that Tyson Foods, Inc. will post 5.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.89%. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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