Oppenheimer Asset Management Inc. Acquires 35,485 Shares of Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 290,891 shares of the company’s stock after buying an additional 35,485 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.08% of Tyson Foods worth $16,622,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSN. First Financial Corp IN purchased a new stake in Tyson Foods in the first quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new stake in Tyson Foods in the first quarter worth $42,000. Lindbrook Capital LLC raised its holdings in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Tyson Foods during the 1st quarter valued at $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter worth about $54,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

TSN opened at $61.40 on Friday. The firm has a market cap of $21.92 billion, a P/E ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The company has a 50 day simple moving average of $61.56 and a two-hundred day simple moving average of $59.05. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS 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 company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSN shares. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. 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 report on Wednesday, July 10th. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets raised their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.44.

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.