Sciencast Management LP Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Sciencast Management LP acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, Holdings Channel reports. The fund acquired 10,604 shares of the company’s stock, valued at approximately $806,000.

A number of other hedge funds have also added to or reduced their stakes in TSN. Norges Bank acquired a new stake in Tyson Foods during the fourth quarter valued at approximately $188,179,000. Sanders Capital LLC lifted its stake in Tyson Foods by 359.9% during the fourth quarter. Sanders Capital LLC now owns 2,372,425 shares of the company’s stock valued at $162,412,000 after purchasing an additional 1,856,574 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Tyson Foods by 24.4% during the first quarter. Victory Capital Management Inc. now owns 5,328,506 shares of the company’s stock valued at $395,908,000 after purchasing an additional 1,044,683 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Tyson Foods by 37.3% during the fourth quarter. Principal Financial Group Inc. now owns 3,656,806 shares of the company’s stock valued at $235,644,000 after purchasing an additional 993,113 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Tyson Foods by 4.5% during the first quarter. BlackRock Inc. now owns 21,335,932 shares of the company’s stock valued at $1,585,259,000 after purchasing an additional 913,437 shares during the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.

In other news, insider Shane Miller sold 5,000 shares of the stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $77.00, for a total transaction of $385,000.00. Following the transaction, the insider now owns 12,934 shares in the company, valued at approximately $995,918. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.82% of the company’s stock.

Several analysts recently commented on TSN shares. Credit Suisse Group increased their target price on shares of Tyson Foods from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, May 11th. Stephens upped their price target on shares of Tyson Foods from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 9th. Barclays upped their price target on shares of Tyson Foods from $83.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. BMO Capital Markets upped their price target on shares of Tyson Foods from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, May 11th. Finally, Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Wednesday, May 19th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tyson Foods presently has an average rating of “Buy” and a consensus price target of $82.71.

TSN stock opened at $76.94 on Friday. Tyson Foods, Inc. has a 12-month low of $55.28 and a 12-month high of $81.79. The company has a current ratio of 1.74, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a market cap of $28.07 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 3.55 and a beta of 0.84. The business has a 50 day moving average of $78.48.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 10th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.23. Tyson Foods had a net margin of 5.00% and a return on equity of 15.26%. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Tyson Foods, Inc. will post 6.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, August 31st. This represents a $1.78 annualized dividend and a dividend yield of 2.31%. Tyson Foods’s dividend payout ratio (DPR) is 31.56%.

Tyson Foods Company 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 live market 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; and supplies poultry breeding stock; sells specialty products , such as hides and meats.

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

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