Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,059 shares of the company’s stock after buying an additional 471 shares during the period. Parallel Advisors LLC’s holdings in Tyson Foods were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 79.2% in the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after purchasing an additional 4,662,332 shares during the last quarter. Davis Selected Advisers purchased a new position in Tyson Foods in the second quarter valued at about $177,439,000. Capital Research Global Investors boosted its holdings in Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the last quarter. Norges Bank bought a new position in Tyson Foods during the 4th quarter worth approximately $89,286,000. Finally, Royal London Asset Management Ltd. lifted its holdings in Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after buying an additional 1,465,139 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research analyst reports. BMO Capital Markets increased their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Bank of America lowered their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Down 0.1 %

Shares of TSN stock opened at $61.80 on Wednesday. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The stock has a market cap of $21.99 billion, a PE ratio of -34.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The business’s fifty day moving average is $61.79 and its 200-day moving average is $59.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

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.