Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Tyson Foods, Inc. (NYSE:TSN) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 94,236 shares of the company’s stock after buying an additional 6,540 shares during the period. QRG Capital Management Inc.’s holdings in Tyson Foods were worth $5,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Versor Investments LP lifted its stake in shares of Tyson Foods by 42.3% in the 4th quarter. Versor Investments LP now owns 28,747 shares of the company’s stock valued at $1,651,000 after purchasing an additional 8,547 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Tyson Foods in the fourth quarter valued at approximately $2,828,000. New York Life Investment Management LLC lifted its position in Tyson Foods by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 38,598 shares of the company’s stock valued at $2,217,000 after buying an additional 303 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Tyson Foods by 34.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 195,518 shares of the company’s stock worth $11,231,000 after buying an additional 50,199 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Tyson Foods in the fourth quarter worth $1,502,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $61.35 on Friday. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.80. 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 business’s 50 day moving average is $57.43 and its two-hundred day moving average is $60.04. Tyson Foods, Inc. has a 52-week low of $52.11 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS 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. Investors of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Tyson Foods Company 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.