AMP Capital Investors Ltd reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 212,986 shares of the company’s stock after selling 24,240 shares during the quarter. AMP Capital Investors Ltd’s holdings in Tyson Foods were worth $14,666,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jolley Asset Management LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $4,416,000. Nisa Investment Advisors LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $7,772,000. Gateway Investment Advisers LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $892,000. Arizona State Retirement System boosted its holdings in shares of Tyson Foods by 27.5% during the 2nd quarter. Arizona State Retirement System now owns 208,773 shares of the company’s stock valued at $14,374,000 after acquiring an additional 45,080 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Tyson Foods by 10.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,257 shares of the company’s stock valued at $637,000 after acquiring an additional 839 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

In other Tyson Foods news, CEO Thomas P. Hayes sold 20,202 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sally Grimes sold 19,258 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,325,913.30. The disclosure for this sale can be found here. In the last three months, insiders sold 39,610 shares of company stock worth $2,727,593. 2.65% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on TSN shares. Barclays dropped their price target on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a report on Tuesday, July 31st. Pivotal Research reaffirmed a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a report on Monday, August 6th. BMO Capital Markets dropped their price target on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, May 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and an average price target of $75.73.

TSN opened at $63.27 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $23.16 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.98 and a beta of 0.11. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.17. The company had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. equities research analysts predict that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. Tyson Foods’s payout ratio is 22.60%.

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.

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

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