Tyson Foods, Inc. (TSN) Shares Bought by Parametric Portfolio Associates LLC

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Parametric Portfolio Associates LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 10.9% during the first quarter, Holdings Channel reports. The fund owned 1,415,912 shares of the company’s stock after buying an additional 138,686 shares during the period. Parametric Portfolio Associates LLC’s holdings in Tyson Foods were worth $98,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC purchased a new position in Tyson Foods in the fourth quarter valued at about $1,174,000. Ropes Wealth Advisors LLC purchased a new stake in shares of Tyson Foods during the 1st quarter valued at approximately $39,000. DNB Asset Management AS lifted its stake in shares of Tyson Foods by 24.1% during the 1st quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock valued at $5,615,000 after buying an additional 15,722 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Tyson Foods during the 4th quarter valued at approximately $227,000. Finally, Toronto Dominion Bank lifted its stake in shares of Tyson Foods by 16.3% during the 1st quarter. Toronto Dominion Bank now owns 205,036 shares of the company’s stock valued at $14,232,000 after buying an additional 28,802 shares in the last quarter. Hedge funds and other institutional investors own 68.83% of the company’s stock.

Tyson Foods stock opened at $81.46 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. The company has a market cap of $29.73 billion, a P/E ratio of 13.22 and a beta of 0.51. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $83.36.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. Tyson Foods’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. Research analysts expect that Tyson Foods, Inc. will post 5.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.

TSN has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Credit Suisse Group upped their price target on shares of Tyson Foods from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Sunday, February 17th. Finally, Barclays upped their price target on shares of Tyson Foods from $73.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.94.

In related news, insider Stephen R. Stouffer sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $83.02, for a total transaction of $996,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad Roderick Martin sold 6,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $77.24, for a total transaction of $486,612.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,423 shares of company stock worth $13,353,295 in the last ninety days. 1.69% of the stock is currently owned by insiders.

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About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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