ProShare Advisors LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

ProShare Advisors LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,403 shares of the company’s stock after buying an additional 7,165 shares during the period. ProShare Advisors LLC’s holdings in Tyson Foods were worth $3,880,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TSN. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of Tyson Foods by 94.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock valued at $28,439,000 after buying an additional 154,507 shares during the last quarter. Markel Corp boosted its stake in Tyson Foods by 2.1% during the 1st quarter. Markel Corp now owns 384,500 shares of the company’s stock worth $34,463,000 after purchasing an additional 8,000 shares during the period. Aviva PLC boosted its stake in Tyson Foods by 25.5% during the 1st quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after purchasing an additional 24,669 shares during the period. Prudential PLC acquired a new stake in Tyson Foods during the 1st quarter worth $747,000. Finally, Vanguard Group Inc. boosted its stake in Tyson Foods by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. 63.68% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of TSN opened at $53.91 on Tuesday. The company has a 50-day simple moving average of $53.66 and a 200-day simple moving average of $54.62. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $19.17 billion, a PE ratio of 58.59 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $47.11 and a 52-week high of $74.07.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $13.14 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.64% and a return on equity of 4.77%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Equities research analysts predict that Tyson Foods, Inc. will post 1.32 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.48 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.56%. Tyson Foods’s dividend payout ratio is presently 208.70%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Tyson Foods in a research note on Thursday, August 17th. They set a “sell” rating for the company. BMO Capital Markets raised their target price on shares of Tyson Foods from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 8th. Finally, Barclays reduced their target price on shares of Tyson Foods from $52.00 to $50.00 in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.75.

Tyson Foods Profile

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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.