Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,411 shares of the company’s stock after buying an additional 3,297 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Tyson Foods were worth $2,551,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Riverview Trust Co increased its position in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. Ossiam grew its position in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after acquiring an additional 184 shares during the period. Finally, TCTC Holdings LLC raised its holdings in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TSN. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Barclays decreased their price target 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. Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Citigroup boosted their price target 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, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.78.

Tyson Foods Price Performance

Shares of TSN opened at $60.81 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The stock has a 50 day moving average of $60.45 and a 200-day moving average of $59.66.

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, topping analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. As a group, analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. Tyson Foods’s payout ratio is currently 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.