Quantinno Capital Management LP Acquires 104,955 Shares of Tyson Foods, Inc. (NYSE:TSN)

Quantinno Capital Management LP lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 375.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,892 shares of the company’s stock after buying an additional 104,955 shares during the quarter. Quantinno Capital Management LP’s holdings in Tyson Foods were worth $7,633,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after buying an additional 325,361 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after buying an additional 178,785 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock valued at $270,014,000 after buying an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after buying an additional 427,582 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tyson Foods in the fourth quarter valued at about $175,086,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.61 on Friday. 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 has a market cap of $19.81 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The stock has a 50-day moving average of $59.86 and a 200-day moving average of $59.55. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the firm earned $0.62 EPS. Tyson Foods’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Tyson Foods’s dividend payout ratio is presently 77.82%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup boosted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Stephens dropped their price objective on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $62.63.

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.