Fisher Funds Management LTD Acquires Shares of 59,239 Tyson Foods, Inc. (NYSE:TSN)

Fisher Funds Management LTD bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 59,239 shares of the company’s stock, valued at approximately $3,408,000.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after buying an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its position in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after buying an additional 18,059 shares during the period. Mizuho Securities USA LLC increased its holdings in Tyson Foods by 517.7% during the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after buying an additional 114,179 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Tyson Foods in the fourth quarter worth about $775,000. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSN has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Stephens increased their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Barclays lowered their price objective on 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 two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Up 2.2 %

Shares of NYSE TSN opened at $60.43 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market cap of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 52 week low of $52.11 and a 52 week high of $66.88. The business has a 50-day simple moving average of $57.22 and a two-hundred day simple moving average of $60.03.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods’s payout ratio is currently 67.57%.

About Tyson Foods

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.