Matrix Asset Advisors Inc. NY Buys Shares of 53,484 Tyson Foods, Inc. (NYSE:TSN)

Matrix Asset Advisors Inc. NY purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 53,484 shares of the company’s stock, valued at approximately $3,141,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors raised its position in shares of 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 buying an additional 2,920,479 shares during the last quarter. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $89,286,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $77,574,000. Royal London Asset Management Ltd. increased its position in shares of Tyson Foods by 76.9% during 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 raised its stake in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, May 24th. HSBC lifted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average target price of $60.22.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $56.90 on Thursday. The stock has a market capitalization of $20.31 billion, a P/E ratio of -31.97, a P/E/G ratio of 0.41 and a beta of 0.75. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04. The business has a 50-day moving average price of $58.50 and a two-hundred day moving average price of $56.13.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. Equities analysts predict that Tyson Foods, Inc. will post 2.58 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 13th. Investors of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.44%. Tyson Foods’s dividend payout ratio is presently -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.