Tyson Foods, Inc. (NYSE:TSN) Stake Increased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 32.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,877 shares of the company's stock after buying an additional 4,870 shares during the quarter. Sierra Summit Advisors LLC's holdings in Tyson Foods were worth $1,142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of Tyson Foods by 13.7% in the third quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company's stock valued at $741,000 after purchasing an additional 1,500 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Tyson Foods by 4.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,143 shares of the company's stock valued at $1,259,000 after buying an additional 852 shares during the last quarter. Quantinno Capital Management LP increased its position in Tyson Foods by 110.0% during the third quarter. Quantinno Capital Management LP now owns 27,937 shares of the company's stock worth $1,664,000 after buying an additional 14,636 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Tyson Foods by 3.9% in the third quarter. Stifel Financial Corp now owns 168,768 shares of the company's stock worth $10,052,000 after acquiring an additional 6,283 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of recent research reports. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Barclays reduced their price objective 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. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Up 0.6 %

Shares of NYSE TSN traded up $0.36 on Friday, hitting $60.49. The company had a trading volume of 2,121,808 shares, compared to its average volume of 2,318,600. The firm has a market capitalization of $21.55 billion, a P/E ratio of 20.43, a PEG ratio of 0.74 and a beta of 0.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business has a 50 day moving average of $60.06 and a two-hundred day moving average of $59.58.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (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 analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 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, June 13th. Stockholders 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 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is 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.