Tower Research Capital LLC TRC Has $1.99 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Tower Research Capital LLC TRC raised its holdings in Tyson Foods, Inc. (NYSE:TSNFree Report) by 151.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,981 shares of the company’s stock after buying an additional 22,249 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Tyson Foods were worth $1,988,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after buying an additional 200,586 shares during the period. FMR LLC raised its position in shares of Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after purchasing an additional 49,540 shares during the period. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 8.2% during the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock worth $316,465,000 after purchasing an additional 446,904 shares during the period. Finally, Northern Trust Corp raised its position in shares of Tyson Foods by 2.6% during the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after purchasing an additional 134,778 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

TSN stock opened at $55.86 on Monday. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The stock has a fifty day moving average of $59.19 and a 200-day moving average of $55.56.

Tyson Foods (NYSE:TSNGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) EPS. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 2.58 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a yield of 3.51%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. HSBC upped their target price on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 7th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group increased their price target on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.22.

Get Our Latest Report on TSN

About Tyson Foods

(Free Report)

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 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.

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

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