Matrix Asset Advisors Inc. NY Purchases 119,862 Shares of Tyson Foods, Inc. $TSN

Matrix Asset Advisors Inc. NY raised its position in Tyson Foods, Inc. (NYSE:TSN) by 31.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 495,030 shares of the company’s stock after buying an additional 119,862 shares during the quarter. Tyson Foods comprises about 2.3% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 19th largest holding. Matrix Asset Advisors Inc. NY’s holdings in Tyson Foods were worth $28,340,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after purchasing an additional 3,788 shares during the last quarter. Woodline Partners LP boosted its holdings in Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth grew its position in Tyson Foods by 84.0% in the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC grew its position in Tyson Foods by 100.3% in the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Tyson Foods by 129.2% in the 2nd quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after buying an additional 48,451 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.87 on Thursday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a 50-day simple moving average of $57.78 and a 200 day simple moving average of $61.73. 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 company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s dividend payout ratio is presently 125.93%.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent research reports. Stephens lifted their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. HSBC decreased their price target on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $70.67.

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.