NorthRock Partners LLC Sells 2,643 Shares of Tyson Foods, Inc. (NYSE:TSN)

NorthRock Partners LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,618 shares of the company’s stock after selling 2,643 shares during the period. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,407,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares in the last quarter. Davis Selected Advisers acquired a new position in shares of Tyson Foods during the 2nd quarter valued at about $177,439,000. Jacobs Levy Equity Management Inc. raised its stake in Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after purchasing an additional 398,404 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Stephens initiated coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $59.22.

Tyson Foods Trading Up 0.5 %

Shares of TSN stock traded up $0.27 during trading hours on Tuesday, hitting $58.59. 157,772 shares of the company were exchanged, compared to its average volume of 2,427,049. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year high of $66.88. The firm has a fifty day moving average of $60.73 and a 200 day moving average of $59.71. The firm has a market cap of $20.85 billion, a PE ratio of -976.00, a PEG ratio of 0.37 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data 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. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the previous year, the company earned $0.15 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.35%. Tyson Foods’s dividend payout ratio is currently -3,266.67%.

About Tyson Foods

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.