Tyson Foods, Inc. (TSN) Shares Bought by LSV Asset Management

LSV Asset Management lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.1% in the first quarter, HoldingsChannel.com reports. The fund owned 6,769,224 shares of the company’s stock after purchasing an additional 387,480 shares during the period. Tyson Foods accounts for 0.8% of LSV Asset Management’s holdings, making the stock its 26th biggest position. LSV Asset Management’s holdings in Tyson Foods were worth $469,987,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TSN. Oregon Public Employees Retirement Fund grew its stake in shares of Tyson Foods by 7,093.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock worth $169,000 after acquiring an additional 8,905,199 shares during the period. Norges Bank bought a new stake in shares of Tyson Foods in the fourth quarter worth approximately $149,935,000. Deutsche Bank AG grew its stake in shares of Tyson Foods by 111.3% in the fourth quarter. Deutsche Bank AG now owns 3,475,479 shares of the company’s stock worth $185,584,000 after acquiring an additional 1,831,055 shares during the period. Boston Partners bought a new stake in shares of Tyson Foods in the fourth quarter worth approximately $96,539,000. Finally, Brandywine Global Investment Management LLC grew its position in Tyson Foods by 119,363.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 873,278 shares of the company’s stock valued at $46,634,000 after buying an additional 872,547 shares during the period. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Shares of NYSE TSN opened at $82.49 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. The company has a market cap of $30.15 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.53 and a beta of 0.51. Tyson Foods, Inc. has a 12-month low of $49.77 and a 12-month high of $83.36.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 5.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio is currently 24.35%.

In other Tyson Foods news, insider Chad Roderick Martin sold 8,233 shares of Tyson Foods stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $62.36, for a total transaction of $513,409.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mary Oleksiuk sold 44,967 shares of Tyson Foods stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total transaction of $3,466,506.03. The disclosure for this sale can be found here. Insiders have sold 178,656 shares of company stock worth $13,866,705 in the last ninety days. Insiders own 1.69% of the company’s stock.

TSN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, January 23rd. Mizuho restated a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Stephens initiated coverage on shares of Tyson Foods in a research report on Monday, March 4th. They set an “overweight” rating and a $62.26 target price for the company. Finally, ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $77.94.

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About Tyson Foods

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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