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

Acadian Asset Management LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 22.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,201 shares of the company’s stock after selling 2,711 shares during the quarter. Acadian Asset Management LLC’s holdings in Tyson Foods were worth $523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Financial Corp IN acquired a new stake in shares of Tyson Foods in the 1st quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in Tyson Foods in the 1st quarter valued at approximately $42,000. Lindbrook Capital LLC increased its position in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. purchased a new position in shares of Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $61.81 on Thursday. The company has a market cap of $21.99 billion, a price-to-earnings ratio of -34.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The stock’s 50-day moving average is $61.89 and its 200-day moving average is $59.25.

Tyson Foods (NYSE:TSN) last announced its quarterly 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. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the previous year, the company posted $0.15 earnings per share. Tyson Foods’s revenue 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 Announces Dividend

The business 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 $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSN. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets upped 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. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $61.44.

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.