Intech Investment Management LLC Buys 52,274 Shares of Tyson Foods, Inc. $TSN

Intech Investment Management LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,352 shares of the company’s stock after purchasing an additional 52,274 shares during the quarter. Intech Investment Management LLC’s holdings in Tyson Foods were worth $8,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Empowered Funds LLC boosted its stake in Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP boosted its stake in Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after acquiring an additional 7,011 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after purchasing an additional 48,451 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 1.3%

Shares of NYSE:TSN opened at $61.20 on Friday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $64.55 and its 200 day simple moving average is $61.57. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.25 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.27.

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.