Tyson Foods, Inc. $TSN is Pzena Investment Management LLC’s 3rd Largest Position

Pzena Investment Management LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,155,713 shares of the company’s stock after acquiring an additional 1,845,200 shares during the quarter. Tyson Foods makes up 3.6% of Pzena Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Pzena Investment Management LLC owned about 4.87% of Tyson Foods worth $1,099,167,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Tyson Foods by 306.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock valued at $2,607,000 after purchasing an additional 36,197 shares during the period. AIA Group Ltd boosted its position in Tyson Foods by 78.8% during the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares in the last quarter. Vinva Investment Management Ltd grew its stake in Tyson Foods by 111.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after acquiring an additional 204,482 shares during the last quarter. Perbak Capital Partners LLP acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $1,255,000. Finally, Everpar Advisors LLC grew its holdings in Tyson Foods by 27.2% during the 4th quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock valued at $4,762,000 after buying an additional 17,353 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 2.0%

NYSE:TSN opened at $58.40 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $61.77 and its two-hundred day moving average is $61.84. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a market cap of $20.57 billion, a PE ratio of 45.99, a P/E/G ratio of 1.16 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. On average, analysts predict that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is presently 160.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSN shares. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Stephens lifted their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Finally, Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.20.

Tyson Foods 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.