Tyson Foods, Inc. $TSN Position Raised by First Trust Advisors LP

First Trust Advisors LP increased its position in Tyson Foods, Inc. (NYSE:TSN) by 2.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 575,331 shares of the company’s stock after acquiring an additional 14,923 shares during the period. First Trust Advisors LP’s holdings in Tyson Foods were worth $32,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Horizon Investments LLC lifted its holdings in Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock valued at $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance lifted its stake in Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock valued at $581,000 after purchasing an additional 204 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Tyson Foods by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock valued at $3,099,000 after purchasing an additional 206 shares during the last quarter. Peddock Capital Advisors LLC boosted its holdings in Tyson Foods by 1.0% during the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after buying an additional 217 shares in the last quarter. Finally, Rossby Financial LCC grew its position in Tyson Foods by 25.0% in the second quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock worth $61,000 after buying an additional 217 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 3.1%

TSN opened at $57.63 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $64.36. The business has a 50-day moving average of $53.94 and a 200-day moving average of $54.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66. The company has a market capitalization of $20.35 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47.

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. The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s payout ratio is presently 153.38%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.03% of the stock is owned by corporate insiders.

Tyson Foods Company 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.