Ferguson Wellman Capital Management Inc. Purchases 480 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ferguson Wellman Capital Management Inc. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,385 shares of the company’s stock after purchasing an additional 480 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Tyson Foods were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares during the period. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after acquiring an additional 4,662,332 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after acquiring an additional 606,518 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after buying an additional 49,540 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after buying an additional 2,920,479 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.91 during trading on Wednesday, reaching $62.08. The company had a trading volume of 748,310 shares, compared to its average volume of 2,576,125. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The stock’s fifty day moving average price is $58.10 and its 200 day moving average price is $57.56. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.90. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of -34.81, a price-to-earnings-growth ratio of 0.43 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last released its earnings results 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. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.16%. Tyson Foods’s payout ratio is -110.11%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. HSBC lifted their target price on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a report on Tuesday, May 7th. Barclays boosted their price objective on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets lifted 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. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $61.00.

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.