Oppenheimer Asset Management Inc. Boosts Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 13.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 290,891 shares of the company’s stock after purchasing an additional 35,485 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Tyson Foods were worth $16,622,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. First Financial Corp IN purchased a new stake in Tyson Foods during the first quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods during the 1st quarter worth $42,000. Lindbrook Capital LLC grew its stake in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the last quarter. Mather Group LLC. bought a new position in Tyson Foods in the first quarter worth about $49,000. Finally, Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the second quarter valued at approximately $54,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSN. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Bank of America cut their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $61.40 on Friday. The company has a market capitalization of $21.92 billion, a PE ratio of -34.49, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company’s fifty day moving average price is $61.56 and its 200 day moving average price is $59.05.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.19%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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 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.