Charles Schwab Investment Management Inc. Buys 49,540 Shares of Tyson Foods, Inc. (NYSE:TSN)

Charles Schwab Investment Management Inc. raised its position in Tyson Foods, Inc. (NYSE:TSN) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 6,647,913 shares of the company’s stock after purchasing an additional 49,540 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tyson Foods were worth $357,325,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC lifted its stake in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC raised its position in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in Tyson Foods during the 3rd quarter valued at $39,000. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSN has been the topic of a number of recent analyst reports. HSBC raised their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Tuesday. Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, Stephens reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. One research 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. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Price Performance

NYSE:TSN traded up $0.63 during mid-day trading on Wednesday, hitting $59.52. 682,916 shares of the stock traded hands, compared to its average volume of 2,852,899. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market cap of $21.21 billion, a PE ratio of -23.84, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. The business’s 50-day moving average price is $57.89 and its 200 day moving average price is $53.62.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the previous year, the firm posted ($0.04) EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.29%. Tyson Foods’s payout ratio is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.05% of the company’s stock.

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.