Edgestream Partners L.P. Raises Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Edgestream Partners L.P. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 221.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,816 shares of the company’s stock after buying an additional 45,329 shares during the period. Edgestream Partners L.P.’s holdings in Tyson Foods were worth $3,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Financial Corp IN purchased a new position in shares of Tyson Foods during the first quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in Tyson Foods during the 1st quarter worth approximately $42,000. Lindbrook Capital LLC increased its position in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares during the period. Mather Group LLC. purchased a new stake in Tyson Foods in the first quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets upped their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.44.

Tyson Foods Stock Down 0.1 %

TSN opened at $61.80 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The stock has a market capitalization of $21.99 billion, a P/E ratio of -34.72, a P/E/G ratio of 0.43 and a beta of 0.78. The business has a 50 day simple moving average of $61.79 and a 200-day simple moving average of $59.23.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the company earned $0.15 earnings per share. Tyson Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.17%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Tyson Foods 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.