Fisher Asset Management LLC Buys 10,370 Shares of Tyson Foods, Inc. (NYSE:TSN)

Fisher Asset Management LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,588 shares of the company’s stock after purchasing an additional 10,370 shares during the quarter. Fisher Asset Management LLC’s holdings in Tyson Foods were worth $2,848,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSN. Brooklyn Investment Group grew its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods in the 3rd quarter valued at about $36,000. ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth about $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Tyson Foods in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.5 %

TSN stock opened at $60.79 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $53.08 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. The business’s fifty day moving average price is $57.63 and its two-hundred day moving average price is $60.00.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSN shares. Citigroup reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens lifted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $61.10.

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.