Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by ARGA Investment Management LP

ARGA Investment Management LP lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 47.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,984 shares of the company’s stock after buying an additional 40,968 shares during the quarter. ARGA Investment Management LP’s holdings in Tyson Foods were worth $7,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Tyson Foods during the 4th quarter worth about $40,000. Headinvest LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter worth about $43,000. Mather Group LLC. purchased a new stake in shares of Tyson Foods during the 1st quarter worth about $49,000. Finally, Tompkins Financial Corp grew its holdings in shares of Tyson Foods by 42.1% during the 1st quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock worth $58,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSN shares. The Goldman Sachs Group boosted their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. BMO Capital Markets increased their target price on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. Finally, HSBC raised their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.22.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.26 during trading on Wednesday, reaching $56.87. The company had a trading volume of 241,911 shares, compared to its average volume of 2,759,324. The firm’s 50 day simple moving average is $58.50 and its two-hundred day simple moving average is $56.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The company has a market capitalization of $20.30 billion, a PE ratio of -32.03, a PEG ratio of 0.41 and a beta of 0.75.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 2.58 earnings per share for the current year.

Tyson Foods Announces Dividend

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 $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

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 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.