American Century Companies Inc. Has $7.28 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

American Century Companies Inc. raised its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 65.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,789 shares of the company's stock after purchasing an additional 50,055 shares during the period. American Century Companies Inc.'s holdings in Tyson Foods were worth $7,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in Tyson Foods by 20.6% in the 3rd quarter. Cerity Partners LLC now owns 19,449 shares of the company's stock worth $1,158,000 after buying an additional 3,320 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Tyson Foods by 13.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company's stock worth $741,000 after acquiring an additional 1,500 shares during the period. Hilltop Holdings Inc. grew its stake in shares of Tyson Foods by 16.4% in the third quarter. Hilltop Holdings Inc. now owns 6,224 shares of the company's stock worth $371,000 after purchasing an additional 876 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in shares of Tyson Foods by 50.4% during the third quarter. Investment Management Corp of Ontario now owns 9,547 shares of the company's stock valued at $569,000 after purchasing an additional 3,200 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Tyson Foods by 4.2% during the third quarter. Integrated Wealth Concepts LLC now owns 21,143 shares of the company's stock valued at $1,259,000 after purchasing an additional 852 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Remove Ads

Tyson Foods Price Performance

Shares of NYSE TSN traded down $3.71 during mid-day trading on Friday, reaching $59.85. The company had a trading volume of 3,322,206 shares, compared to its average volume of 2,298,667. The company has a 50-day moving average price of $59.77 and a two-hundred day moving average price of $59.65. The stock has a market cap of $21.32 billion, a PE ratio of 20.22, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results 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 return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter last year, the business posted $0.69 EPS. Tyson Foods's revenue was up 2.3% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. Tyson Foods's payout ratio is currently 67.57%.

Analysts Set New Price Targets

TSN has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price for the company. Citigroup lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus target price of $61.10.

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.