29,200 Shares in Tyson Foods, Inc. $TSN Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,200 shares of the company’s stock, valued at approximately $1,871,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Tyson Foods during the fourth quarter worth $308,297,000. Davis Selected Advisers grew its stake in shares of Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in Tyson Foods during the fourth quarter worth about $165,220,000. Pzena Investment Management LLC increased its position in Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after acquiring an additional 1,845,200 shares during the period. Finally, AQR Capital Management LLC raised its stake in Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.1%

Shares of TSN opened at $58.82 on Wednesday. The firm has a 50 day simple moving average of $61.31 and a two-hundred day simple moving average of $61.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company has a market cap of $20.71 billion, a P/E ratio of 46.31, a P/E/G ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSN shares. JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Mizuho assumed coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Bank of America lowered their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Stephens upped their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.56.

Tyson Foods Company 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.