Meeder Advisory Services Inc. Buys New Shares in Tyson Foods, Inc. (NYSE:TSN)

Meeder Advisory Services Inc. purchased a new position in Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,031 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors also recently modified their holdings of TSN. First Financial Corp IN acquired a new position in shares of Tyson Foods in the 1st quarter worth $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods during the 1st quarter worth about $42,000. Lindbrook Capital LLC lifted its stake in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Tyson Foods in the first quarter worth about $49,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods in the second quarter worth approximately $54,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. 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 research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.44.

Tyson Foods Stock Up 0.7 %

TSN opened at $61.83 on Tuesday. The company has a market capitalization of $22.00 billion, a PE ratio of -34.74, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The business has a 50-day moving average of $61.67 and a 200-day moving average of $59.17.

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

Tyson Foods Dividend Announcement

The firm 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. This represents a $1.96 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

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.