Mercer Global Advisors Inc. ADV Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Mercer Global Advisors Inc. ADV raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,481 shares of the company’s stock after buying an additional 2,892 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Tyson Foods were worth $2,142,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSN. First Financial Corp IN bought a new stake in Tyson Foods in the first quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods during the 1st quarter valued at about $42,000. Lindbrook Capital LLC grew its position 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 acquiring an additional 214 shares in the last quarter. Mather Group LLC. bought a new stake in Tyson Foods during the first quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the second quarter valued at approximately $54,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSN. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price 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. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, Bank of America cut their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.44.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $60.42 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average price is $62.10 and its 200-day moving average price is $59.44. The firm has a market cap of $21.57 billion, a P/E ratio of -33.94, a P/E/G ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month 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, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. On average, equities research 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. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Tyson Foods Company 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.