Tyson Foods, Inc. (TSN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.9% during the third quarter, Holdings Channel reports. The fund owned 764,038 shares of the company’s stock after buying an additional 121,440 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tyson Foods were worth $45,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. boosted its position in Tyson Foods by 27.0% during the third quarter. Alps Advisors Inc. now owns 7,716 shares of the company’s stock valued at $459,000 after acquiring an additional 1,642 shares during the last quarter. Cambiar Investors LLC boosted its position in Tyson Foods by 5.4% during the third quarter. Cambiar Investors LLC now owns 536,150 shares of the company’s stock valued at $31,917,000 after acquiring an additional 27,541 shares during the last quarter. First Trust Advisors LP boosted its position in Tyson Foods by 6.7% during the third quarter. First Trust Advisors LP now owns 936,692 shares of the company’s stock valued at $55,761,000 after acquiring an additional 59,114 shares during the last quarter. Wright Investors Service Inc. bought a new stake in Tyson Foods during the third quarter valued at $306,000. Finally, Newman Dignan & Sheerar Inc. boosted its position in Tyson Foods by 79.0% during the third quarter. Newman Dignan & Sheerar Inc. now owns 7,295 shares of the company’s stock valued at $449,000 after acquiring an additional 3,220 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TSN opened at $61.56 on Tuesday. Tyson Foods, Inc. has a 1-year low of $56.79 and a 1-year high of $84.65. The stock has a market cap of $22.13 billion, a PE ratio of 11.59, a P/E/G ratio of 0.91 and a beta of 0.14. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Tyson Foods’s dividend payout ratio is presently 22.60%.

A number of analysts have commented on TSN shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Monday, September 17th. Mizuho set a $82.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, September 17th. ValuEngine upgraded shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Pivotal Research reiterated a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a report on Monday, August 6th. Finally, Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.56.

Tyson Foods Profile

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.

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

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