Cetera Investment Advisers Acquires 9,982 Shares of Tyson Foods, Inc. (NYSE:TSN)

Cetera Investment Advisers grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,692 shares of the company’s stock after purchasing an additional 9,982 shares during the quarter. Cetera Investment Advisers’ holdings in Tyson Foods were worth $3,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TSN. Bessemer Group Inc. raised its holdings in Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock worth $408,000 after acquiring an additional 651 shares during the period. Tabor Asset Management LP bought a new position in Tyson Foods in the 1st quarter worth $2,180,000. VELA Investment Management LLC raised its holdings in Tyson Foods by 45.6% in the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock worth $1,128,000 after acquiring an additional 5,537 shares during the period. World Investment Advisors raised its holdings in Tyson Foods by 54.2% in the 1st quarter. World Investment Advisors now owns 14,861 shares of the company’s stock worth $948,000 after acquiring an additional 5,226 shares during the period. Finally, Summit Global Investments raised its holdings in Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company’s stock worth $14,735,000 after acquiring an additional 157,092 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSN. BMO Capital Markets dropped their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Citigroup boosted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Finally, Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and dropped their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $61.33.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $53.78 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The firm’s 50-day simple moving average is $54.87 and its 200-day simple moving average is $57.58. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88. The firm has a market cap of $19.16 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s payout ratio is 77.82%.

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 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.