Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,484 shares of the company’s stock after selling 6,092 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Tyson Foods worth $11,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its stake in shares of Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock worth $3,712,000 after acquiring an additional 337 shares during the period. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 8.2% in the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after purchasing an additional 446,904 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Tyson Foods by 100.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after purchasing an additional 5,175 shares during the period. Cetera Advisors LLC raised its stake in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after buying an additional 11,425 shares in the last quarter. Finally, Eisler Capital UK Ltd. acquired a new stake in shares of Tyson Foods in the 4th quarter valued at approximately $1,399,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE:TSN opened at $65.72 on Thursday. The company has a market cap of $23.39 billion, a P/E ratio of -36.92, a P/E/G ratio of 0.45 and a beta of 0.78. The firm’s 50 day moving average is $60.62 and its two-hundred day moving average is $58.60. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $65.96. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

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

Tyson Foods Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 2.98%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TSN shares. Bank of America lowered their price target 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. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Barclays upped their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.00.

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.