Pictet Asset Management Ltd. raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 23.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 324,423 shares of the company’s stock after buying an additional 61,041 shares during the period. Pictet Asset Management Ltd.’s holdings in Tyson Foods were worth $18,603,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of TSN. Jaffetilchin Investment Partners LLC raised its position in Tyson Foods by 0.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock valued at $434,000 after buying an additional 24 shares during the last quarter. Smith Salley & Associates raised its position in Tyson Foods by 0.8% in the first quarter. Smith Salley & Associates now owns 3,628 shares of the company’s stock valued at $224,000 after buying an additional 28 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in Tyson Foods by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after buying an additional 100 shares during the last quarter. CrestPoint Capital Management LLC raised its position in Tyson Foods by 0.5% in the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after buying an additional 100 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Tyson Foods by 0.5% in the first quarter. Oppenheimer & Co. Inc. now owns 30,905 shares of the company’s stock valued at $1,907,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

Tyson Foods, Inc. (TSN) opened at 65.55 on Friday. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 13.82 and a beta of 0.26. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The stock has a 50 day moving average of $62.32 and a 200 day moving average of $62.16.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is currently 18.95%.

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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Thursday, April 27th. Royal Bank Of Canada restated a “hold” rating and set a $68.00 target price on shares of Tyson Foods in a report on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a report on Monday, May 8th. Finally, Mizuho reaffirmed a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.79.

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

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