Edgestream Partners L.P. Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Edgestream Partners L.P. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 221.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,816 shares of the company’s stock after purchasing an additional 45,329 shares during the period. Edgestream Partners L.P.’s holdings in Tyson Foods were worth $3,761,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Financial Corp IN acquired a new position in Tyson Foods in the first quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods in the 1st quarter valued at $42,000. Lindbrook Capital LLC grew its holdings in shares of Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. acquired a new stake in shares of Tyson Foods during the 1st quarter worth about $49,000. Finally, Hantz Financial Services Inc. purchased a new stake in Tyson Foods in the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TSN shares. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Barclays lifted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets upped their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.44.

Tyson Foods Stock Performance

Shares of TSN opened at $61.80 on Wednesday. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The stock has a market capitalization of $21.99 billion, a PE ratio of -34.72, a PEG ratio of 0.43 and a beta of 0.78. 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 stock has a 50-day simple moving average of $61.79 and a 200-day simple moving average of $59.23.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio 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.