Tyson Foods, Inc. $TSN Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,829,526 shares of the company’s stock after acquiring an additional 120,826 shares during the quarter. Tyson Foods comprises 2.4% of Pzena Investment Management LLC’s holdings, making the stock its 16th largest holding. Pzena Investment Management LLC owned approximately 3.89% of Tyson Foods worth $750,943,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. boosted its position in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after purchasing an additional 460 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at approximately $36,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.11% of the company’s stock.

Tyson Foods Stock Up 1.7%

TSN stock opened at $63.99 on Thursday. The company’s 50 day moving average price is $60.97 and its 200 day moving average price is $56.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The firm has a market capitalization of $22.53 billion, a price-to-earnings ratio of 114.27, a PEG ratio of 1.39 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSN. Sanford C. Bernstein restated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. BMO Capital Markets raised their target price on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.27.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.