Integrated Advisors Network LLC Makes New Investment in Tyson Foods, Inc. $TSN

Integrated Advisors Network LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,200 shares of the company’s stock, valued at approximately $1,871,000.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Tyson Foods during the fourth quarter worth $308,297,000. Davis Selected Advisers boosted its stake in Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the period. Life Cycle Investment Partners Ltd bought a new position in Tyson Foods during the 4th quarter worth about $165,220,000. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $58.82 on Wednesday. The firm has a market capitalization of $20.71 billion, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $61.31 and its two-hundred day moving average price is $61.84. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. As a group, research analysts anticipate that Tyson Foods, Inc. will post 4.09 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s payout ratio is presently 160.63%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Sanford C. Bernstein lowered their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Finally, Mizuho initiated coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.