Thrivent Financial for Lutherans Has $2.13 Million Holdings in Tyson Foods, Inc. $TSN

Thrivent Financial for Lutherans trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 33.3% in the 3rd quarter, Holdings Channel reports. The fund owned 39,157 shares of the company’s stock after selling 19,537 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tyson Foods were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TSN. Vanguard Group Inc. raised its stake in Tyson Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the last quarter. State Street Corp increased its holdings in shares of Tyson Foods by 3.2% during the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after purchasing an additional 439,623 shares during the period. Davis Selected Advisers raised its position in shares of Tyson Foods by 91.4% during the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after buying an additional 122,055 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock valued at $328,039,000 after buying an additional 1,550,812 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. BMO Capital Markets boosted their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Barclays upped their target price on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.27.

Insider Activity

In related news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the sale, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is currently owned by corporate insiders.

Tyson Foods Trading Down 0.7%

TSN stock opened at $64.95 on Wednesday. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $60.12 and its 200-day moving average is $56.49. The firm has a market cap of $22.87 billion, a P/E ratio of 115.98, a P/E/G ratio of 1.45 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the business earned $1.14 EPS. Tyson Foods’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.