tru Independence LLC Increases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

tru Independence LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,440 shares of the company’s stock after acquiring an additional 2,070 shares during the period. tru Independence LLC’s holdings in Tyson Foods were worth $3,796,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TSN. First Financial Corp IN acquired a new position in Tyson Foods in the 1st quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $42,000. Lindbrook Capital LLC increased its stake in Tyson Foods by 42.0% during the 1st 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. acquired a new stake in Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the 2nd quarter worth about $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN opened at $65.87 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.27. The firm’s fifty day simple moving average is $60.97 and its 200-day simple moving average is $58.77. The stock has a market cap of $23.44 billion, a PE ratio of -37.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 2.98%. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analysts Set New Price Targets

TSN has been the subject of several analyst reports. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Bank of America decreased their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.00.

About Tyson Foods

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.