Fmr LLC Increases Position in Tyson Foods, Inc. (TSN)

FMR LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 155.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,010,522 shares of the company’s stock after acquiring an additional 1,223,351 shares during the quarter. FMR LLC owned about 0.55% of Tyson Foods worth $125,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BT Investment Management Ltd bought a new position in shares of Tyson Foods during the second quarter valued at approximately $15,974,000. Advisors Capital Management LLC boosted its holdings in shares of Tyson Foods by 5.8% in the second quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock valued at $2,187,000 after purchasing an additional 1,918 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Tyson Foods in the second quarter valued at approximately $7,990,000. Koch Industries Inc. purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $343,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock valued at $237,009,000 after purchasing an additional 352,000 shares during the period. 71.84% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a report on Thursday, August 10th. Pivotal Research reiterated a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a report on Tuesday, August 8th. Royal Bank Of Canada upped their target price on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. Finally, Mizuho restated a “buy” rating and set a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $72.96.

Tyson Foods, Inc. (NYSE:TSN) traded down 0.14% during trading on Tuesday, hitting $70.45. The company had a trading volume of 307,668 shares. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 14.85 and a beta of 0.27. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $72.36. The firm’s 50 day moving average is $66.95 and its 200-day moving average is $63.18.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post $5.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.28%. Tyson Foods’s payout ratio is 18.95%.

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In other Tyson Foods news, Director Mikel A. Durham acquired 2,809 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $65.77 per share, with a total value of $184,747.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by company insiders.

About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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