Tyson Foods, Inc. (NYSE:TSN) Stake Reduced by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 8.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,734 shares of the company’s stock after selling 2,062 shares during the quarter. Foster & Motley Inc.’s holdings in Tyson Foods were worth $1,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC lifted its position in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after purchasing an additional 4,662,332 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after buying an additional 2,920,479 shares during the period. Norges Bank bought a new position in Tyson Foods in the 4th quarter worth approximately $89,286,000. Royal London Asset Management Ltd. increased its position in Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Tyson Foods by 14,668.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 632,366 shares of the company’s stock valued at $37,139,000 after acquiring an additional 628,084 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TSN shares. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays upped their price target on shares of Tyson Foods from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $65.13 on Friday. The company has a market capitalization of $23.25 billion, a PE ratio of -36.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock has a fifty day moving average of $60.79 and a 200-day moving average of $58.64. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.14.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is -110.11%.

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.