Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,236 shares of the company's stock after acquiring an additional 6,540 shares during the quarter. QRG Capital Management Inc.'s holdings in Tyson Foods were worth $5,413,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares during the period. Sound Income Strategies LLC grew its position in shares of Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC increased its stake in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Tyson Foods in the 4th quarter valued at about $775,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 1.5 %

Shares of NYSE TSN traded down $0.92 during midday trading on Tuesday, reaching $60.91. 1,260,982 shares of the stock were exchanged, compared to its average volume of 2,487,981. The stock has a market capitalization of $21.70 billion, a P/E ratio of 20.58, a PEG ratio of 0.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a 50 day simple moving average of $57.51 and a 200 day simple moving average of $60.01. Tyson Foods, Inc. has a twelve month low of $53.08 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TSN shares. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $61.10.

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.