Marshall Wace LLP Purchases New Holdings in Tyson Foods, Inc. (TSN)

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Marshall Wace LLP purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 95,232 shares of the company’s stock, valued at approximately $6,557,000.

A number of other institutional investors have also recently added to or reduced their stakes in TSN. BerganKDV Wealth Management LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $103,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $106,000. MUFG Americas Holdings Corp grew its position in shares of Tyson Foods by 99.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after buying an additional 858 shares during the period. Fort L.P. acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $119,000. Finally, BKS Advisors LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 70.40% of the company’s stock.

In related news, insider Sally Grimes sold 19,258 shares of Tyson Foods stock in a transaction on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,325,913.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods stock in a transaction on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.

NYSE TSN opened at $63.40 on Friday. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. The firm has a market capitalization of $23.32 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.11.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The business had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $1.28 EPS. Tyson Foods’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts expect that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.89%. Tyson Foods’s payout ratio is currently 22.60%.

TSN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, May 28th. ValuEngine downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. reaffirmed a “sell” rating on shares of Tyson Foods in a research report on Thursday, July 5th. Mizuho set a $87.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Stephens reduced their price objective on shares of Tyson Foods to $73.00 and set an “overweight” rating for the company in a research report on Monday, July 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Tyson Foods presently has an average rating of “Hold” and an average price target of $75.73.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Read More: Return on Investment (ROI)

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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