First Trust Advisors LP Has $21.48 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

First Trust Advisors LP increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 348.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,876 shares of the company's stock after acquiring an additional 290,501 shares during the quarter. First Trust Advisors LP owned 0.10% of Tyson Foods worth $21,475,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Riverview Trust Co lifted its holdings in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the period. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its position in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new position in Tyson Foods during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of TSN opened at $60.58 on Friday. The company has a market capitalization of $21.58 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The company's fifty day moving average price is $60.76 and its 200 day moving average price is $59.73. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. 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 - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

Several analysts recently commented on TSN shares. Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective for the company. Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $61.78.

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.

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