Tyson Foods, Inc. (NYSE:TSN) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,618 shares of the company’s stock after selling 9,210 shares during the period. CIBC Asset Management Inc’s holdings in Tyson Foods were worth $2,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSN. First Financial Corp IN acquired a new position in shares of Tyson Foods during the first quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods in the first quarter worth $42,000. Lindbrook Capital LLC increased its holdings in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. bought a new stake in shares of Tyson Foods during the first quarter valued at about $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in Tyson Foods in the second quarter worth about $54,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TSN. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America lowered their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Barclays boosted their price objective on Tyson Foods from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Stock Up 1.1 %

Shares of Tyson Foods stock opened at $65.87 on Friday. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $66.27. The firm has a market capitalization of $23.44 billion, a PE ratio of -37.01, a price-to-earnings-growth ratio of 0.45 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. The stock’s fifty day moving average is $60.97 and its 200-day moving average is $58.73.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Tyson Foods Company 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.