Tyson Foods, Inc. $TSN Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 8.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 129,856 shares of the company’s stock after purchasing an additional 9,787 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Tyson Foods were worth $7,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after purchasing an additional 85,282 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 0.9% in the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares in the last quarter. Davis Selected Advisers lifted its holdings in Tyson Foods by 11.2% in the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company’s stock valued at $540,943,000 after purchasing an additional 1,005,661 shares in the last quarter. AQR Capital Management LLC lifted its holdings 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 valued at $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Tyson Foods by 1.8% in the 3rd quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock valued at $324,280,000 after purchasing an additional 107,884 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.5%

NYSE TSN opened at $63.76 on Friday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $63.07 and its 200-day simple moving average is $59.70. The firm has a market cap of $22.45 billion, a PE ratio of 113.85, a P/E/G ratio of 1.38 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion for 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% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSN shares. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. BMO Capital Markets raised their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, Barclays raised their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.45.

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.