Tyson Foods, Inc. $TSN Holdings Reduced by Intellectus Partners LLC

Intellectus Partners LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,602 shares of the company’s stock after selling 1,493 shares during the quarter. Intellectus Partners LLC’s holdings in Tyson Foods were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TSN. Allworth Financial LP lifted its position in Tyson Foods by 12.6% in the first quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after purchasing an additional 191 shares during the period. Horizon Investments LLC lifted its position in Tyson Foods by 5.1% in the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after purchasing an additional 201 shares during the period. Independent Advisor Alliance lifted its position in Tyson Foods by 2.3% in the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after purchasing an additional 204 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Tyson Foods by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after purchasing an additional 206 shares during the period. Finally, Peddock Capital Advisors LLC lifted its position in Tyson Foods by 1.0% in the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after purchasing an additional 217 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.4%

Tyson Foods stock opened at $51.61 on Tuesday. The company has a 50 day moving average price of $53.94 and a 200 day moving average price of $55.30. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 0.85 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has approved a share repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. Tyson Foods’s dividend payout ratio (DPR) is currently 90.91%.

Analyst Ratings Changes

TSN has been the subject of a number of research analyst reports. Bank of America cut their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Sanford C. Bernstein cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price for the company. Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and reduced their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.92.

Tyson Foods 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.