Marshall Wace LLP Takes Position in Tyson Foods, Inc. (TSN)

Marshall Wace LLP acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, Holdings Channel reports. The fund acquired 95,232 shares of the company’s stock, valued at approximately $6,557,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. Paloma Partners Management Co raised its stake in shares of Tyson Foods by 192.9% during the 2nd quarter. Paloma Partners Management Co now owns 28,597 shares of the company’s stock worth $1,969,000 after purchasing an additional 59,390 shares during the period. Sterling Capital Management LLC raised its stake in shares of Tyson Foods by 6.4% during the 2nd quarter. Sterling Capital Management LLC now owns 132,001 shares of the company’s stock worth $9,088,000 after purchasing an additional 7,910 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Tyson Foods by 429.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,162 shares of the company’s stock worth $1,664,000 after purchasing an additional 19,599 shares during the period. Morgan Stanley raised its stake in shares of Tyson Foods by 57.6% during the 2nd quarter. Morgan Stanley now owns 842,567 shares of the company’s stock worth $58,011,000 after purchasing an additional 307,794 shares during the period. Finally, Natixis raised its stake in shares of Tyson Foods by 560.3% during the 2nd quarter. Natixis now owns 584,514 shares of the company’s stock worth $40,244,000 after purchasing an additional 495,989 shares during the period. 70.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tyson Foods stock opened at $63.40 on Friday. Tyson Foods, Inc. has a 52-week low of $56.79 and a 52-week high of $84.65. The stock has a market capitalization of $23.32 billion, a P/E ratio of 10.60, a PEG ratio of 0.98 and a beta of 0.11. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.17. The business had revenue of $10.05 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. sell-side analysts forecast that Tyson Foods, Inc. will post 5.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. Tyson Foods’s payout ratio is presently 22.60%.

A number of equities research analysts recently issued reports on TSN shares. Barclays lowered their price objective on Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. ValuEngine cut Tyson Foods from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stephens lowered their price objective on Tyson Foods to $73.00 and set an “overweight” rating on the stock in a research note on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets lowered their price objective on Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Finally, Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.73.

In other Tyson Foods news, insider Sally Grimes sold 19,258 shares of Tyson Foods stock in a transaction dated Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,325,913.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,390,907.70. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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