Intellectus Partners LLC Has $1.28 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Intellectus Partners LLC lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,799 shares of the company’s stock after selling 3,134 shares during the quarter. Intellectus Partners LLC’s holdings in Tyson Foods were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSN. Sugarloaf Wealth Management LLC raised its position in Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC grew its stake in Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC grew its stake in Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in Tyson Foods in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSN. The Goldman Sachs Group lifted their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. Citigroup boosted their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $58.80.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is owned by insiders.

Tyson Foods Trading Down 0.4 %

NYSE TSN traded down $0.26 during midday trading on Friday, hitting $60.63. The company had a trading volume of 1,402,753 shares, compared to its average volume of 1,872,515. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The firm has a 50-day moving average price of $56.97 and a 200-day moving average price of $52.92. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same period in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio (DPR) is currently -79.35%.

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.