Edgestream Partners L.P. Takes $2.59 Million Position in Tyson Foods, Inc. $TSN

Edgestream Partners L.P. acquired a $2.59 million stake in Tyson Foods during Q2, purchasing 46,335 shares. Other hedge funds, including Vanguard and Pzena, also increased their holdings. Insider sales were reported by Chairman John H. Tyson and CFO Curt Calaway. Analysts have given Tyson Foods a consensus 'Hold' rating, with a target price of $60.75. The stock opened at $56.10, with a market cap of $19.81 billion.

Edgestream Partners L.P. purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,335 shares of the company's stock, valued at approximately $2,592,000.

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A number of other hedge funds also recently bought and sold shares of TSN. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company's stock worth $2,042,085,000 after buying an additional 543,513 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company's stock valued at $766,865,000 after acquiring an additional 444,648 shares during the last quarter. Davis Selected Advisers grew its position in Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company's stock worth $501,025,000 after acquiring an additional 4,276,884 shares in the last quarter. Geode Capital Management LLC increased its stake in Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company's stock worth $411,571,000 after acquiring an additional 122,055 shares during the last quarter. Finally, Northern Trust Corp raised its position in Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after purchasing an additional 36,941 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Insider Buying and Selling

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the company's stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at $1,820,529.27. The trade was a 17.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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A number of equities analysts have recently commented on the company. Zacks Research upgraded Tyson Foods from a "strong sell" rating to a "hold" rating in a report on Thursday, October 30th. Bank of America dropped their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Santander initiated coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a "neutral" rating on the stock. BMO Capital Markets increased their target price on shares of Tyson Foods from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tyson Foods in a research note on Monday. Two research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $60.75.

Read Our Latest Report on TSN

Tyson Foods Stock Down 1.2%

Uncertainty Creates Opportunity for Tyson Foods Investors

NYSE:TSN opened at $56.10 on Friday. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 1.30 and a beta of 0.47. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.36. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $53.74 and a 200-day simple moving average of $54.79.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm had revenue of $13.86 billion for the quarter, compared to analysts' expectations of $14.08 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its board has authorized a stock repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This is a boost from Tyson Foods's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods's payout ratio is presently 153.38%.

Tyson Foods Company Profile

(Free Report)

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.

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