Bridgewater Associates LP Buys 27,489 Shares of Tyson Foods, Inc. (TSN)

Bridgewater Associates LP lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 21.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,354 shares of the company’s stock after acquiring an additional 27,489 shares during the quarter. Bridgewater Associates LP’s holdings in Tyson Foods were worth $9,189,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MUFG Americas Holdings Corp grew its stake in shares of Tyson Foods by 99.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after acquiring an additional 858 shares during the period. Fort L.P. bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $119,000. Cerebellum GP LLC bought a new position in shares of Tyson Foods during the 3rd quarter valued at approximately $170,000. Trilogy Capital Inc. bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $198,000. Finally, BKS Advisors LLC bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $203,000. Institutional investors own 68.16% of the company’s stock.

A number of brokerages recently issued reports on TSN. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. BMO Capital Markets lowered their price target on Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a report on Tuesday, August 7th. Royal Bank of Canada reissued a “hold” rating and issued a $77.00 price target on shares of Tyson Foods in a report on Tuesday, August 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a report on Monday, August 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.93.

Shares of TSN opened at $58.95 on Friday. The company has a market cap of $21.07 billion, a PE ratio of 9.57, a PEG ratio of 0.88 and a beta of 0.17. Tyson Foods, Inc. has a 1 year low of $56.36 and a 1 year high of $84.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 5.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.54%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, February 28th. Tyson Foods’s dividend payout ratio is 24.35%.

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Tyson Foods Profile

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.

Further Reading: Diversification in Investing

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

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