Hartford Investment Management Co. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.7% during the 3rd quarter, Holdings Channel reports. The firm owned 53,745 shares of the company’s stock after buying an additional 4,731 shares during the period. Hartford Investment Management Co.’s holdings in Tyson Foods were worth $3,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Tyson Foods by 31.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,531,213 shares of the company’s stock valued at $112,069,000 after acquiring an additional 368,074 shares during the period. Bank of Montreal Can purchased a new position in shares of Tyson Foods in the 2nd quarter valued at $35,457,000. Amalgamated Bank increased its holdings in shares of Tyson Foods by 7.4% in the 2nd quarter. Amalgamated Bank now owns 37,539 shares of the company’s stock valued at $2,585,000 after acquiring an additional 2,579 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Tyson Foods in the 2nd quarter valued at $7,772,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Tyson Foods by 46.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,560 shares of the company’s stock valued at $1,278,000 after acquiring an additional 5,870 shares during the period. Institutional investors own 69.47% of the company’s stock.

Shares of TSN stock opened at $60.22 on Monday. Tyson Foods, Inc. has a 1-year low of $56.79 and a 1-year high of $84.65. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.62. The firm has a market cap of $22.04 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.17.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 5.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. Tyson Foods’s payout ratio is presently 19.48%.

TSN has been the topic of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Monday, August 6th. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Tuesday, July 31st. Barclays dropped their target price on Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Mizuho set a $87.00 target price on Tyson Foods and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $73.14.

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Tyson Foods Company 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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