Kayne Anderson Rudnick Investment Management LLC Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 322.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,799 shares of the company’s stock after purchasing an additional 23,509 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Tyson Foods were worth $1,760,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 79.2% in the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after buying an additional 4,662,332 shares in the last quarter. Davis Selected Advisers acquired a new position in Tyson Foods during the second quarter worth $177,439,000. Capital Research Global Investors lifted its holdings in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after purchasing an additional 1,465,139 shares during the period. Finally, Wellington Management Group LLP increased 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 worth $555,541,000 after purchasing an additional 606,518 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.5 %

Shares of TSN opened at $60.42 on Tuesday. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $66.88. The firm has a market capitalization of $21.57 billion, a P/E ratio of -33.94, a P/E/G ratio of 0.43 and a beta of 0.78. The firm has a 50-day moving average price of $62.10 and a 200 day moving average price of $59.44. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS 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 business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target 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 raised their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.44.

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.