Bank of New York Mellon Corp Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Bank of New York Mellon Corp grew its position in Tyson Foods, Inc. (NYSE:TSN) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,315,701 shares of the company’s stock after acquiring an additional 427,582 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tyson Foods were worth $190,454,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TSN. Fisher Funds Management LTD bought a new stake in Tyson Foods in the fourth quarter worth $3,408,000. Allianz Asset Management GmbH grew its stake in shares of Tyson Foods by 37.8% in the 4th quarter. Allianz Asset Management GmbH now owns 724,900 shares of the company’s stock worth $41,638,000 after buying an additional 198,824 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Tyson Foods in the 4th quarter worth about $277,000. Handelsbanken Fonder AB raised its position in shares of Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after buying an additional 729 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of Tyson Foods in the 4th quarter valued at about $1,045,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSN. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Up 1.2 %

TSN stock opened at $61.01 on Friday. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The firm’s 50-day moving average is $57.37 and its 200 day moving average is $60.03. The company has a market capitalization of $21.73 billion, a PE ratio of 20.61, a P/E/G ratio of 0.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is 67.57%.

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.