Raymond James Financial Inc. Invests $22.06 Million in Tyson Foods, Inc. (NYSE:TSN)

Raymond James Financial Inc. acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 384,036 shares of the company's stock, valued at approximately $22,059,000. Raymond James Financial Inc. owned approximately 0.11% of Tyson Foods as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co raised its holdings in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group increased its holdings in Tyson Foods by 2,478.3% in the 4th 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 holdings in shares of Tyson Foods by 58.6% during 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 during the period. TCTC Holdings LLC increased its stake in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after acquiring an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the fourth quarter worth $42,000. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSN has been the subject of several recent analyst reports. UBS Group started 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. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average price target of $61.78.

Tyson Foods Price Performance

TSN stock opened at $61.17 on Friday. The company has a market capitalization of $21.79 billion, a P/E ratio of 20.66, a PEG ratio of 0.74 and a beta of 0.62. The company has a fifty day moving average price of $60.39 and a 200-day moving average price of $59.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the company earned $0.69 EPS. Tyson Foods's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.27%. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

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.

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