Great Lakes Advisors LLC Buys New Position in Tyson Foods, Inc. $TSN

Great Lakes Advisors LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, HoldingsChannel reports. The fund purchased 29,080 shares of the company’s stock, valued at approximately $1,665,000.

Several other hedge funds also recently made changes to their positions in the business. Foster & Motley Inc. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $411,000. Cary Street Partners Financial LLC boosted its holdings in Tyson Foods by 21.5% during the second quarter. Cary Street Partners Financial LLC now owns 76,583 shares of the company’s stock worth $4,384,000 after purchasing an additional 13,570 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Tyson Foods by 15.0% during the second quarter. Rosenberg Matthew Hamilton now owns 1,995 shares of the company’s stock worth $114,000 after purchasing an additional 260 shares during the last quarter. Farther Finance Advisors LLC grew its position in Tyson Foods by 8.4% in the second quarter. Farther Finance Advisors LLC now owns 14,026 shares of the company’s stock valued at $804,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Tyson Foods by 3.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 9,807 shares of the company’s stock valued at $561,000 after buying an additional 330 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSN shares. HSBC decreased their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Price Performance

Shares of TSN opened at $58.42 on Friday. The company’s 50-day moving average is $57.95 and its 200-day moving average is $61.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The firm has a market capitalization of $20.55 billion, a PE ratio of 36.06, a PEG ratio of 1.95 and a beta of 0.40. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. Tyson Foods’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Equities analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is presently 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.