Liberty One Investment Management LLC Grows Stock Holdings in Tyson Foods, Inc. $TSN

Liberty One Investment Management LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 33.1% during the first quarter, HoldingsChannel.com reports. The fund owned 91,845 shares of the company’s stock after buying an additional 22,815 shares during the quarter. Liberty One Investment Management LLC’s holdings in Tyson Foods were worth $5,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pzena Investment Management LLC grew its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares in the last quarter. State Street Corp raised its position in 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 purchasing an additional 85,282 shares in the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after purchasing an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Tyson Foods by 20.6% in the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after buying an additional 1,387,645 shares during the period. Finally, Invesco Ltd. grew its position in shares of Tyson Foods by 1.4% during the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after buying an additional 83,861 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of several recent research reports. Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Sanford C. Bernstein cut their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.88.

Tyson Foods Price Performance

TSN opened at $56.70 on Friday. The business’s 50-day moving average is $59.20 and its two-hundred day moving average is $61.76. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The firm has a market capitalization of $19.97 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s payout ratio is presently 160.63%.

Tyson Foods Profile

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.