R Squared Ltd Has $466,000 Stock Position in Tyson Foods, Inc. (NYSE:TSN)

R Squared Ltd raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 140.5% in the 1st quarter, HoldingsChannel reports. The fund owned 7,310 shares of the company’s stock after acquiring an additional 4,270 shares during the period. R Squared Ltd’s holdings in Tyson Foods were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock valued at $408,000 after purchasing an additional 651 shares during the last quarter. Tabor Asset Management LP bought a new stake in shares of Tyson Foods in the 1st quarter valued at $2,180,000. VELA Investment Management LLC boosted its stake in shares of Tyson Foods by 45.6% in the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock valued at $1,128,000 after purchasing an additional 5,537 shares during the last quarter. World Investment Advisors boosted its stake in shares of Tyson Foods by 54.2% in the 1st quarter. World Investment Advisors now owns 14,861 shares of the company’s stock valued at $948,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Summit Global Investments boosted its stake in shares of Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company’s stock valued at $14,735,000 after purchasing an additional 157,092 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced 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 note on Tuesday, May 6th. Finally, Stephens cut their target price on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.33.

Tyson Foods Stock Up 0.4%

Tyson Foods stock opened at $52.53 on Friday. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. The firm’s fifty day moving average price is $54.90 and its two-hundred day moving average price is $57.57. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

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. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period last year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 3.8%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is 77.82%.

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.