Edgestream Partners L.P. Takes Position in Tyson Foods, Inc. $TSN

Edgestream Partners L.P. acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,335 shares of the company’s stock, valued at approximately $2,592,000.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Tyson Foods by 70.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after purchasing an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Tyson Foods by 66.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after purchasing an additional 132,947 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock valued at $3,051,000 after purchasing an additional 30,713 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock worth $766,865,000 after buying an additional 444,648 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Tyson Foods by 7.9% during the second quarter. Public Employees Retirement System of Ohio now owns 93,491 shares of the company’s stock worth $5,230,000 after buying an additional 6,875 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $56.10 on Friday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $64.36. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. The stock has a market cap of $19.81 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 1.30 and a beta of 0.47. The business has a 50-day simple moving average of $53.74 and a 200-day simple moving average of $54.79.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The firm had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period last year, the company earned $0.92 earnings per share. Tyson Foods’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.51 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. Tyson Foods’s payout ratio is presently 153.38%.

Insider Buying and Selling at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. BMO Capital Markets increased their price objective on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Santander assumed coverage on Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. Bank of America decreased their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $60.75.

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.