Frank Rimerman Advisors LLC Buys 847 Shares of Tyson Foods, Inc. (NYSE:TSN)

Frank Rimerman Advisors LLC raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,526 shares of the company’s stock after purchasing an additional 847 shares during the period. Frank Rimerman Advisors LLC’s holdings in Tyson Foods were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after purchasing an additional 247,051 shares in the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock valued at $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Northern Trust Corp raised its position in Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock valued at $270,014,000 after purchasing an additional 118,402 shares in the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock valued at $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Tyson Foods by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,510,275 shares of the company’s stock valued at $160,181,000 after purchasing an additional 53,535 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Stephens lowered their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. JP Morgan Cazenove lowered their price target on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Finally, BMO Capital Markets lowered their price target on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.33.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $56.73 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $54.89 and a two-hundred day moving average price of $57.58. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The company has a market cap of $20.18 billion, a P/E ratio of 25.79, a PEG ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the business posted $0.87 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

Tyson Foods declared that its board has initiated a share buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.