Johnson Financial Group Inc. lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,865 shares of the company’s stock after acquiring an additional 1,817 shares during the period. Johnson Financial Group Inc.’s holdings in Tyson Foods were worth $2,016,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSN. CI Investments Inc. acquired a new position in Tyson Foods during the third quarter worth $7,304,000. Bank of New York Mellon Corp boosted its holdings in Tyson Foods by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock worth $115,268,000 after purchasing an additional 55,492 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Tyson Foods by 14.4% during the third quarter. Royal London Asset Management Ltd. now owns 152,933 shares of the company’s stock worth $9,103,000 after purchasing an additional 19,272 shares during the last quarter. Keybank National Association OH boosted its holdings in Tyson Foods by 55.9% during the third quarter. Keybank National Association OH now owns 14,805 shares of the company’s stock worth $881,000 after purchasing an additional 5,311 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Tyson Foods by 19.2% during the third quarter. Eagle Asset Management Inc. now owns 5,361 shares of the company’s stock worth $319,000 after purchasing an additional 863 shares during the last quarter. 68.16% of the stock is owned by institutional investors.

NYSE:TSN opened at $58.82 on Wednesday. Tyson Foods, Inc. has a 52 week low of $56.79 and a 52 week high of $84.65. The stock has a market cap of $21.75 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.91 and a beta of 0.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.25. Tyson Foods had a net margin of 7.55% and a return on equity of 18.39%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period last year, the firm earned $1.43 earnings per share. Tyson Foods’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 5.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.375 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is currently 19.48%.

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a report on Monday, July 30th. BMO Capital Markets reduced their target price on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th. Stephens reduced their target price on shares of Tyson Foods to $73.00 and set an “overweight” rating for the company in a report on Monday, July 30th. They noted that the move was a valuation call. Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Tyson Foods presently has a consensus rating of “Hold” and a consensus 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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