AQR Capital Management LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

AQR Capital Management LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 163.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,686 shares of the company's stock after acquiring an additional 118,816 shares during the quarter. AQR Capital Management LLC owned 0.05% of Tyson Foods worth $10,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSN. First Financial Corp IN purchased a new position in Tyson Foods during the first quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in Tyson Foods during the first quarter worth about $42,000. Mather Group LLC. purchased a new position in Tyson Foods during the first quarter worth about $49,000. Hantz Financial Services Inc. purchased a new position in Tyson Foods during the second quarter worth about $54,000. Finally, Tompkins Financial Corp raised its stake in Tyson Foods by 42.1% during the first quarter. Tompkins Financial Corp now owns 989 shares of the company's stock worth $58,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE:TSN traded down $1.25 during mid-day trading on Thursday, hitting $57.96. 729,827 shares of the company's stock traded hands, compared to its average volume of 2,515,913. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a market cap of $20.69 billion, a PE ratio of -32.62, a price-to-earnings-growth ratio of 0.41 and a beta of 0.78. The firm's 50 day simple moving average is $62.07 and its 200 day simple moving average is $59.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (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 company had revenue of $13.35 billion for the quarter, compared to analysts' expectations of $13.21 billion. During the same period last year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.38%. Tyson Foods's dividend payout ratio is presently -110.11%.

Analyst Ratings Changes

A number of brokerages have weighed in on TSN. Stephens began coverage on shares of Tyson Foods in a research report on Thursday. They set an "equal weight" rating and a $57.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Bank of America dropped their price objective 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. BMO Capital Markets lifted 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. Finally, StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $59.22.

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.