Summit Global Investments Has $4.24 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Summit Global Investments grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 41.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,829 shares of the company's stock after buying an additional 21,489 shares during the quarter. Summit Global Investments' holdings in Tyson Foods were worth $4,241,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Riverview Trust Co grew its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group increased its holdings in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the third quarter worth $36,000. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in shares of Tyson Foods by 140.7% in the 4th 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 period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSN shares. Stephens raised their target price 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. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report 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 an average rating of "Hold" and a consensus price target of $61.10.

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Tyson Foods Price Performance

Tyson Foods stock traded up $1.63 during mid-day trading on Wednesday, reaching $61.58. 1,790,812 shares of the company were exchanged, compared to its average volume of 2,149,777. The company has a fifty day simple moving average of $58.74 and a 200-day simple moving average of $59.62. The firm has a market cap of $21.94 billion, a PE ratio of 20.81, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly 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 business had revenue of $13.62 billion during 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%. Tyson Foods's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. 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.