Jupiter Asset Management Ltd. Purchases New Holdings in Tyson Foods, Inc. (NYSE:TSN)

Jupiter Asset Management Ltd. acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 516,924 shares of the company’s stock, valued at approximately $29,537,000. Jupiter Asset Management Ltd. owned about 0.14% of Tyson Foods at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Tyson Foods by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 71,054 shares of the company’s stock worth $4,060,000 after acquiring an additional 3,106 shares during the last quarter. Studio Investment Management LLC purchased a new stake in Tyson Foods in the second quarter worth $77,000. Headlands Technologies LLC lifted its position in shares of Tyson Foods by 1,401.8% during the second quarter. Headlands Technologies LLC now owns 2,553 shares of the company’s stock worth $146,000 after purchasing an additional 2,383 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Tyson Foods by 9.3% during the second quarter. Daiwa Securities Group Inc. now owns 43,033 shares of the company’s stock worth $2,459,000 after purchasing an additional 3,677 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Tyson Foods during the second quarter valued at $2,046,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $61.66 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The business has a fifty day moving average of $61.46 and a two-hundred day moving average of $58.99. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is currently -110.11%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday. Bank of America dropped their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $61.44.

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 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.