MARSHALL WACE ASIA Ltd bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the first quarter, Holdings Channel reports. The fund bought 422,072 shares of the company’s stock, valued at approximately $26,168,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Menora Mivtachim Holdings LTD. purchased a new stake in Tyson Foods during the fourth quarter valued at approximately $130,000. IFP Advisors Inc boosted its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Tyson Foods during the first quarter valued at approximately $203,000. Great Lakes Advisors LLC purchased a new stake in Tyson Foods during the first quarter valued at approximately $214,000. Finally, First Mercantile Trust Co. purchased a new stake in Tyson Foods during the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 71.41% of the company’s stock.

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

Tyson Foods, Inc. (TSN) traded up 0.32% during midday trading on Tuesday, reaching $61.76. The company had a trading volume of 944,753 shares. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 12.90 and a beta of 0.22. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The stock’s 50 day moving average is $59.77 and its 200 day moving average is $62.02.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.07 billion. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts expect that Tyson Foods, Inc. will post $4.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.46%. Tyson Foods’s dividend payout ratio (DPR) is currently 18.79%.

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A number of brokerages have recently issued reports on TSN. BMO Capital Markets reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, June 15th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Mizuho began coverage on Tyson Foods in a research note on Wednesday, June 7th. They set a “buy” rating and a $71.00 price objective on the stock. Vetr upgraded Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $72.50 price objective on the stock in a research note on Tuesday, February 21st. Finally, Barclays PLC began coverage on Tyson Foods in a research note on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.71.

About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

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