Tyson Foods, Inc. (NYSE:TSN) Stake Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its position in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,821 shares of the company’s stock after purchasing an additional 241 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Tyson Foods were worth $432,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Tyson Foods by 32.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,653 shares of the company’s stock worth $3,912,000 after buying an additional 10,766 shares during the period. Advisory Services Network LLC increased its position in Tyson Foods by 4.5% in the first quarter. Advisory Services Network LLC now owns 24,383 shares of the company’s stock worth $2,185,000 after buying an additional 1,052 shares during the period. Neuberger Berman Group LLC increased its position in Tyson Foods by 7.3% in the first quarter. Neuberger Berman Group LLC now owns 66,524 shares of the company’s stock worth $5,972,000 after buying an additional 4,528 shares during the period. Toroso Investments LLC increased its position in Tyson Foods by 9.9% in the first quarter. Toroso Investments LLC now owns 10,166 shares of the company’s stock worth $911,000 after buying an additional 913 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in Tyson Foods in the first quarter worth $351,000. 68.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSN shares. Sanford C. Bernstein lowered their price target on Tyson Foods to $101.00 in a report on Monday, August 15th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Barclays lowered their price target on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 9th. Finally, BMO Capital Markets lowered their price target on Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.13.

Tyson Foods Trading Up 0.6 %

NYSE:TSN opened at $72.44 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. Tyson Foods, Inc. has a 1-year low of $71.41 and a 1-year high of $100.72. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 6.47 and a beta of 0.70. The stock has a fifty day simple moving average of $80.27 and a 200 day simple moving average of $85.94.

Tyson Foods (NYSE:TSNGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The company had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same quarter last year, the business earned $2.70 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods, Inc. will post 8.85 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.54%. Tyson Foods’s payout ratio is presently 16.53%.

Tyson Foods Company Profile

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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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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

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