Thrivent Financial for Lutherans Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Thrivent Financial for Lutherans decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 27.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,654,294 shares of the company’s stock after selling 632,855 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tyson Foods were worth $94,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares during the last quarter. Ridgewood Investments LLC raised its position in Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after purchasing an additional 199 shares during the last quarter. Lindbrook Capital LLC raised its position in Tyson Foods by 42.0% in the 1st 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 last quarter. Unison Advisors LLC raised its position in Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after purchasing an additional 214 shares during the last quarter. Finally, Caprock Group LLC raised its position in Tyson Foods by 2.5% in the 2nd quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock valued at $546,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America dropped 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. Finally, Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Performance

NYSE:TSN opened at $60.14 on Friday. 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, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The stock has a market cap of $21.40 billion, a PE ratio of -33.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The firm’s fifty day simple moving average is $62.05 and its 200-day simple moving average is $59.35.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping 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 business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. 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 3.26%. 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.