Greenwood Capital Associates LLC Raises Holdings in Tyson Foods, Inc. (NYSE:TSN)

Greenwood Capital Associates LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,733 shares of the company’s stock after buying an additional 3,054 shares during the period. Greenwood Capital Associates LLC’s holdings in Tyson Foods were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Tyson Foods in the 4th quarter worth $175,086,000. Arrowstreet Capital Limited Partnership raised its holdings in Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock worth $69,601,000 after purchasing an additional 551,530 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock valued at $29,459,000 after buying an additional 453,853 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after buying an additional 427,582 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Tyson Foods by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company’s stock valued at $78,722,000 after buying an additional 392,200 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.7%

Shares of TSN opened at $55.31 on Thursday. The stock’s 50-day moving average price is $57.78 and its 200-day moving average price is $58.85. 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 capitalization of $19.70 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. Tyson Foods’s dividend payout ratio is currently 77.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSN shares. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Stephens reduced their price target on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $62.63.

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.