Vanguard Group Inc. Buys 325,361 Shares of Tyson Foods, Inc. (NYSE:TSN)

Vanguard Group Inc. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,714,357 shares of the company’s stock after acquiring an additional 325,361 shares during the period. Vanguard Group Inc. owned 0.10% of Tyson Foods worth $2,051,433,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC lifted its position in shares of Tyson Foods by 2.1% during the fourth quarter. LPL Financial LLC now owns 208,966 shares of the company’s stock valued at $12,003,000 after buying an additional 4,266 shares during the last quarter. Fox Run Management L.L.C. raised its stake in shares of Tyson Foods by 55.3% during the 4th quarter. Fox Run Management L.L.C. now owns 24,936 shares of the company’s stock worth $1,432,000 after acquiring an additional 8,877 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Tyson Foods during the fourth quarter valued at approximately $16,240,000. Hillsdale Investment Management Inc. boosted its stake in Tyson Foods by 5,080.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 12,950 shares of the company’s stock valued at $744,000 after acquiring an additional 12,700 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Tyson Foods by 65.2% in the fourth quarter. American Century Companies Inc. now owns 126,789 shares of the company’s stock worth $7,283,000 after purchasing an additional 50,055 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TSN shares. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

TSN opened at $61.58 on Thursday. The firm has a fifty day moving average price of $58.85 and a 200 day moving average price of $59.63. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The stock has a market cap of $21.94 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.