Lombard Odier Asset Management Switzerland SA Raises Stock Position in Tyson Foods, Inc. $TSN

Lombard Odier Asset Management Switzerland SA lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 33.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,400 shares of the company’s stock after acquiring an additional 9,300 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Tyson Foods were worth $2,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after buying an additional 1,845,200 shares during the last quarter. State Street Corp boosted its holdings in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares in the last quarter. Davis Selected Advisers grew its position in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Tyson Foods by 20.6% during the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after acquiring an additional 1,387,645 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Tyson Foods by 1.4% during the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after acquiring an additional 83,861 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSN shares. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Sanford C. Bernstein dropped their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Bank of America decreased their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Finally, Stephens boosted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $70.88.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.47 on Monday. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The business’s 50 day moving average is $59.04 and its two-hundred day moving average is $61.77. The company has a market capitalization of $20.24 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.19 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the previous year, the firm posted $0.92 EPS. Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is 160.63%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.