Vident Advisory LLC Purchases 36,338 Shares of Tyson Foods, Inc. (NYSE:TSN)

Vident Advisory LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 120.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 66,417 shares of the company’s stock after acquiring an additional 36,338 shares during the period. Vident Advisory LLC’s holdings in Tyson Foods were worth $3,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co raised its stake in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the period. Ossiam increased its position in shares of Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after buying an additional 184 shares during the period. TCTC Holdings LLC increased its position in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after buying an additional 387 shares during the period. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Tyson Foods during the fourth quarter valued at about $53,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Finally, Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $62.63.

Tyson Foods Stock Up 1.3%

Shares of TSN opened at $56.76 on Wednesday. The firm has a market cap of $20.22 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.74 and a beta of 0.63. The stock has a 50 day simple moving average of $59.61 and a two-hundred day simple moving average of $59.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio is currently 77.82%.

Tyson Foods Profile

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.