Whittier Trust Co. Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Whittier Trust Co. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 38.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 884 shares of the company’s stock after selling 555 shares during the period. Whittier Trust Co.’s holdings in Tyson Foods were worth $53,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its position in Tyson Foods by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after buying an additional 337 shares during the period. Oppenheimer & Co. Inc. boosted 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 valued at $606,000 after buying an additional 5,175 shares during the period. Cetera Advisors LLC boosted its position in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after buying an additional 11,425 shares during the period. Envestnet Asset Management Inc. boosted its position in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after buying an additional 44,167 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Tyson Foods by 26.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after buying an additional 1,841 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.3 %

Shares of Tyson Foods stock opened at $59.03 on Friday. 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 company has a 50-day moving average of $61.41 and a 200 day moving average of $59.70. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of -983.83, a PEG ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 1 year low of $45.08 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results 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. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared 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 is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. Tyson Foods’s payout ratio is -3,266.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens assumed coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target for the company. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Bank of America dropped their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.22.

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.