Matrix Asset Advisors Inc. NY Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Matrix Asset Advisors Inc. NY increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 167,827 shares of the company's stock after buying an additional 17,651 shares during the quarter. Matrix Asset Advisors Inc. NY's holdings in Tyson Foods were worth $9,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company's stock valued at $804,450,000 after acquiring an additional 128,274 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock worth $713,654,000 after buying an additional 1,939,508 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Tyson Foods by 6.2% in the 4th 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. Davis Selected Advisers bought a new position in Tyson Foods during the 2nd quarter worth $177,439,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company's stock worth $111,247,000 after purchasing an additional 91,627 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. Bank of America lowered their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Barclays raised their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. BMO Capital Markets increased their target price on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, August 6th. Citigroup reduced their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.00.

Tyson Foods Stock Up 1.1 %

TSN traded up $0.64 during midday trading on Friday, hitting $58.83. The company had a trading volume of 1,434,543 shares, compared to its average volume of 1,953,519. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of -33.05, a PEG ratio of 0.34 and a beta of 0.78. The stock's 50 day moving average price is $61.72 and its 200 day moving average price is $59.64. 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, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Tyson Foods's dividend payout ratio is presently -110.11%.

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.