Zacks Investment Management Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Zacks Investment Management boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,082 shares of the company's stock after buying an additional 14,241 shares during the quarter. Zacks Investment Management's holdings in Tyson Foods were worth $4,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Tyson Foods by 44.8% in the 3rd 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 last quarter. Handelsbanken Fonder AB boosted its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after acquiring an additional 6,955 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.40 during trading on Monday, hitting $60.81. The company's stock had a trading volume of 1,590,057 shares, compared to its average volume of 2,326,013. The business has a fifty day moving average of $60.39 and a 200-day moving average of $59.64. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a market cap of $21.66 billion, a PE ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.62.

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, topping analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 yield of 3.29%. Tyson Foods's payout ratio is 67.57%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSN. Barclays dropped their price target on 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 raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and two have given 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 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.