Schroder Investment Management Group increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 50,036 shares of the company’s stock after acquiring an additional 4,041 shares during the quarter. Schroder Investment Management Group’s holdings in Tyson Foods were worth $3,465,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSN. BerganKDV Wealth Management LLC purchased a new position in Tyson Foods during the second quarter worth approximately $103,000. Trust Department MB Financial Bank N A purchased a new position in Tyson Foods during the second quarter worth approximately $106,000. MUFG Americas Holdings Corp lifted its position in Tyson Foods by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after buying an additional 858 shares in the last quarter. Fort L.P. purchased a new position in Tyson Foods during the second quarter worth approximately $119,000. Finally, Trilogy Capital Inc. purchased a new position in Tyson Foods during the second quarter worth approximately $198,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

TSN stock opened at $62.43 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market cap of $22.68 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.93 and a beta of 0.14. Tyson Foods, Inc. has a 52-week low of $56.79 and a 52-week high of $84.65.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.17. The company had revenue of $10.05 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.92%. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Mizuho set a $82.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research report on Monday, September 17th. Finally, Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Tyson Foods has an average rating of “Hold” and a consensus target price of $74.60.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Read More: Fundamental Analysis

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

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

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.