Tyson Foods, Inc. $TSN Stake Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 15.1% in the first quarter, HoldingsChannel.com reports. The firm owned 117,331 shares of the company’s stock after acquiring an additional 15,421 shares during the period. QRG Capital Management Inc.’s holdings in Tyson Foods were worth $7,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after buying an additional 1,845,200 shares during the last quarter. State Street Corp grew its position in shares of Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares during the last quarter. Davis Selected Advisers raised its stake in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares during the period. AQR Capital Management LLC lifted its holdings in Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after acquiring an additional 1,387,645 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Tyson Foods by 1.4% in the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after acquiring an additional 83,861 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $58.89 on Friday. The firm’s 50 day moving average is $61.54 and its two-hundred day moving average is $61.81. The firm has a market capitalization of $20.74 billion, a P/E ratio of 46.37, a PEG ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is 160.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSN shares. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $68.60.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.