Schroder Investment Management Group Increases Stake in Tyson Foods, Inc. (TSN)

Schroder Investment Management Group grew its position in Tyson Foods, Inc. (NYSE:TSN) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,036 shares of the company’s stock after purchasing an additional 4,041 shares during the period. Schroder Investment Management Group’s holdings in Tyson Foods were worth $3,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSN. BerganKDV Wealth Management LLC acquired a new stake in Tyson Foods during the second quarter worth about $103,000. Trust Department MB Financial Bank N A acquired a new stake in Tyson Foods during the second quarter worth about $106,000. MUFG Americas Holdings Corp grew its holdings in Tyson Foods by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after acquiring an additional 858 shares during the period. Fort L.P. acquired a new stake in Tyson Foods during the second quarter worth about $119,000. Finally, Trilogy Capital Inc. acquired a new stake in Tyson Foods during the second quarter worth about $198,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of TSN opened at $62.43 on Friday. 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, Inc. has a 12 month low of $56.79 and a 12 month high of $84.65. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.93 and a beta of 0.14.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.92%. Tyson Foods’s payout ratio is currently 22.60%.

TSN has been the topic of several analyst reports. ValuEngine lowered Tyson Foods from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. reaffirmed a “sell” rating on shares of Tyson Foods in a report on Thursday, July 5th. Zacks Investment Research lowered Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Mizuho set a $87.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Stephens dropped their target price on Tyson Foods to $73.00 and set an “overweight” rating on the stock in a report on Monday, July 30th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $74.60.

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.

See Also: Price to Earnings Ratio (PE) Basics

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

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