Tyson Foods, Inc. (NYSE:TSN) Holdings Trimmed by Palouse Capital Management Inc.

Palouse Capital Management Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,572 shares of the company’s stock after selling 2,296 shares during the quarter. Tyson Foods makes up approximately 2.7% of Palouse Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Palouse Capital Management Inc.’s holdings in Tyson Foods were worth $4,203,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of Tyson Foods in the 1st quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods in the 1st quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Mather Group LLC. purchased a new position in Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new position in Tyson Foods during the second quarter worth approximately $54,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN traded down $1.07 on Monday, hitting $58.94. The company had a trading volume of 453,215 shares, compared to its average volume of 2,454,610. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of -1,000.17, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The company’s fifty day moving average price is $61.54 and its 200 day moving average price is $59.71.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is presently -3,266.67%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSN. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average price target of $59.22.

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.