Pacer Advisors Inc. Buys 9,613 Shares of Tyson Foods, Inc. (NYSE:TSN)

Pacer Advisors Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 49.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,986 shares of the company's stock after acquiring an additional 9,613 shares during the period. Pacer Advisors Inc.'s holdings in Tyson Foods were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company's stock worth $619,605,000 after buying an additional 4,662,332 shares during the last quarter. Davis Selected Advisers bought a new stake in shares of Tyson Foods during the second quarter worth approximately $177,439,000. Capital Research Global Investors grew its holdings in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company's stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the period. Royal London Asset Management Ltd. grew its holdings in Tyson Foods by 76.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company's stock valued at $181,122,000 after purchasing an additional 1,465,139 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company's stock valued at $555,541,000 after purchasing an additional 606,518 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Up 0.6 %

TSN traded up $0.37 during trading hours on Friday, hitting $59.69. 1,728,939 shares of the company's stock were exchanged, compared to its average volume of 2,537,711. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The stock's 50-day moving average is $62.06 and its two-hundred day moving average is $59.47. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of -33.33, a PEG ratio of 0.42 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, November 29th. Tyson Foods's payout ratio is -110.11%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Piper Sandler cut shares of Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Wednesday. Finally, Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.67.

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.