Hennessy Advisors Inc. Takes Position in Tyson Foods, Inc. $TSN

Hennessy Advisors Inc. acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,068 shares of the company’s stock, valued at approximately $1,950,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC increased its holdings in Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after buying an additional 1,845,200 shares during the period. State Street Corp lifted its stake in Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after acquiring an additional 85,282 shares during the period. AQR Capital Management LLC lifted its stake in Tyson Foods by 20.6% during the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after acquiring an additional 1,387,645 shares during the period. Invesco Ltd. boosted its holdings in shares of Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after acquiring an additional 83,861 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Tyson Foods by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,378 shares of the company’s stock valued at $311,706,000 after acquiring an additional 215,655 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of several recent research reports. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Sanford C. Bernstein cut their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, HSBC dropped their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.67.

Tyson Foods Stock Up 0.1%

TSN stock opened at $55.43 on Monday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The firm’s fifty day moving average is $57.97 and its 200 day moving average is $61.10. The firm has a market cap of $19.50 billion, a PE ratio of 34.22, a P/E/G ratio of 1.85 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 125.93%.

Tyson Foods 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.