Tyson Foods, Inc. (NYSE:TSN) Position Increased by Neo Ivy Capital Management

Neo Ivy Capital Management increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 86.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,442 shares of the company’s stock after acquiring an additional 21,960 shares during the period. Neo Ivy Capital Management’s holdings in Tyson Foods were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after buying an additional 325,361 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after buying an additional 178,785 shares in the last quarter. Northern Trust Corp raised its holdings 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 buying an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after buying an additional 427,582 shares in the last quarter. Finally, Norges Bank bought a new position in Tyson Foods during the fourth quarter valued at about $175,086,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 1.5%

NYSE TSN opened at $55.46 on Friday. 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 stock’s 50 day moving average is $59.44 and its two-hundred day moving average is $59.47. The company has a market capitalization of $19.76 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 77.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSN. JPMorgan Chase & Co. lowered their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Stephens lowered their price target on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.63.

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.