First Quadrant L P CA Has $4.06 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

First Quadrant L P CA increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 80.3% in the second quarter, Holdings Channel reports. The firm owned 50,256 shares of the company’s stock after buying an additional 22,378 shares during the quarter. First Quadrant L P CA’s holdings in Tyson Foods were worth $4,058,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Boston Partners grew its stake in Tyson Foods by 68.6% in the first quarter. Boston Partners now owns 3,048,006 shares of the company’s stock valued at $211,623,000 after acquiring an additional 1,240,164 shares during the period. FMR LLC grew its stake in Tyson Foods by 26.1% in the fourth quarter. FMR LLC now owns 3,782,197 shares of the company’s stock valued at $201,970,000 after acquiring an additional 783,862 shares during the period. Hexavest Inc. acquired a new position in Tyson Foods in the first quarter valued at about $47,070,000. Wedge Capital Management L L P NC acquired a new position in Tyson Foods in the first quarter valued at about $42,112,000. Finally, AJO LP grew its stake in Tyson Foods by 25.4% in the first quarter. AJO LP now owns 2,983,246 shares of the company’s stock valued at $207,127,000 after acquiring an additional 604,694 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.

In other news, insider Chad Roderick Martin sold 6,300 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.24, for a total value of $486,612.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen R. Stouffer sold 12,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $83.02, for a total value of $996,240.00. The disclosure for this sale can be found here. Insiders sold a total of 84,433 shares of company stock valued at $6,680,525 over the last quarter. 1.69% of the stock is owned by corporate insiders.

A number of research firms have issued reports on TSN. Credit Suisse Group set a $96.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Thursday, June 13th. Piper Jaffray Companies boosted their target price on Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a research note on Monday, May 6th. Pivotal Research boosted their target price on Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a research note on Monday, May 6th. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Standpoint Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and an average target price of $79.10.

Shares of Tyson Foods stock traded down $0.63 on Friday, hitting $79.76. The stock had a trading volume of 3,178,510 shares, compared to its average volume of 2,069,012. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $84.30. The company has a 50 day moving average price of $80.92. The company has a current ratio of 1.38, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $29.34 billion, a PE ratio of 12.95 and a beta of 0.50.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 5.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio is presently 24.35%.

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

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