Private Advisor Group LLC Purchases 4,169 Shares of Tyson Foods, Inc. (NYSE:TSN)

Private Advisor Group LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,180 shares of the company’s stock after buying an additional 4,169 shares during the period. Private Advisor Group LLC’s holdings in Tyson Foods were worth $867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after buying an additional 128,274 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Tyson Foods by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after purchasing an additional 606,518 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Tyson Foods by 153.2% in the 4th 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. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after purchasing an additional 1,465,139 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN stock opened at $61.83 on Tuesday. The stock has a 50 day moving average price of $61.67 and a 200 day moving average price of $59.17. The firm has a market capitalization of $22.00 billion, a P/E ratio of -34.74, a P/E/G ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. 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 released its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period last year, the business posted $0.15 EPS. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSN shares. Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Bank of America decreased their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.44.

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.