OLD National Bancorp IN Increases Position in Tyson Foods, Inc. (NYSE:TSN)

OLD National Bancorp IN boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 285,305 shares of the company’s stock after purchasing an additional 15,793 shares during the period. OLD National Bancorp IN’s holdings in Tyson Foods were worth $18,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of TSN. Park Square Financial Group LLC acquired a new position in shares of Tyson Foods in the fourth quarter worth about $25,000. Riverview Trust Co raised its position in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares during the period. Curat Global LLC acquired a new position in shares of Tyson Foods in the first quarter worth about $28,000. SRS Capital Advisors Inc. raised its position in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Finally, Ossiam raised its position in shares of Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSN. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Stephens decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Finally, Citigroup boosted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $62.63.

Tyson Foods Stock Up 0.1%

TSN stock opened at $55.32 on Friday. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The stock has a market capitalization of $19.71 billion, a P/E ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a 50-day simple moving average of $58.18 and a 200-day simple moving average of $58.99.

Tyson Foods (NYSE:TSN) last announced 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 net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Tyson Foods’s revenue was up .0% compared to the same quarter last year. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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 paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.62%. Tyson Foods’s dividend payout ratio is presently 77.82%.

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.