Los Angeles Capital Management LLC Invests $1.50 Million in Tyson Foods, Inc. (NYSE:TSN)

Los Angeles Capital Management LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,150 shares of the company’s stock, valued at approximately $1,502,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares in the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Tyson Foods during the fourth quarter valued at $3,408,000. Allianz Asset Management GmbH increased its position in Tyson Foods by 37.8% during the 4th quarter. Allianz Asset Management GmbH now owns 724,900 shares of the company’s stock worth $41,638,000 after purchasing an additional 198,824 shares in the last quarter. Advyzon Investment Management LLC acquired a new position in Tyson Foods in the 4th quarter valued at about $277,000. Finally, Handelsbanken Fonder AB boosted its stake 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 worth $286,000 after purchasing an additional 729 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $61.35 on Friday. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock’s 50-day moving average is $57.43 and its 200-day moving average is $60.04.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.26%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.10.

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.