Natixis Advisors LLC Buys 32,782 Shares of Tyson Foods, Inc. (NYSE:TSN)

Natixis Advisors LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,622 shares of the company’s stock after purchasing an additional 32,782 shares during the quarter. Natixis Advisors LLC owned 0.06% of Tyson Foods worth $12,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Tyson Foods in the second quarter valued at about $731,000. Farther Finance Advisors LLC raised its holdings in Tyson Foods by 45.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,985 shares of the company’s stock valued at $229,000 after buying an additional 1,243 shares during the last quarter. Asset Allocation Strategies LLC boosted its position in Tyson Foods by 6.4% during the 2nd quarter. Asset Allocation Strategies LLC now owns 4,268 shares of the company’s stock worth $244,000 after buying an additional 257 shares during the period. Van ECK Associates Corp grew its holdings in Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after acquiring an additional 398,404 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in Tyson Foods by 1,447.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 3,930 shares of the company’s stock valued at $225,000 after acquiring an additional 3,676 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TSN shares. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America reduced their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Barclays upped their target price on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.00.

Tyson Foods Trading Down 0.9 %

Shares of TSN stock opened at $65.13 on Friday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock has a 50 day simple moving average of $60.79 and a two-hundred day simple moving average of $58.64. The company has a market cap of $23.25 billion, a P/E ratio of -36.59, a PEG ratio of 0.45 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion during 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%. Tyson Foods’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 business posted $0.15 EPS. Research analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -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.