Tyson Foods, Inc. (NYSE:TSN) Shares Sold by IFG Advisory LLC

IFG Advisory LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,469 shares of the company’s stock after selling 721 shares during the period. IFG Advisory LLC’s holdings in Tyson Foods were worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC raised its position in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the period. Geode Capital Management LLC raised its position in Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock worth $400,712,000 after acquiring an additional 178,785 shares during the period. Northern Trust Corp raised its position in Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock worth $270,014,000 after acquiring an additional 118,402 shares during the period. Deutsche Bank AG raised its position in Tyson Foods by 7.9% during the fourth quarter. Deutsche Bank AG now owns 2,180,480 shares of the company’s stock worth $125,247,000 after acquiring an additional 159,617 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Tyson Foods by 7.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,096,485 shares of the company’s stock worth $120,422,000 after acquiring an additional 142,488 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JP Morgan Cazenove reduced their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 7th. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Finally, Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $61.33.

Tyson Foods Stock Up 0.4%

TSN stock opened at $52.53 on Friday. The company’s 50 day moving average is $54.90 and its two-hundred day moving average is $57.57. The stock has a market cap of $18.71 billion, a P/E ratio of 20.44, a PEG ratio of 0.71 and a beta of 0.59. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. During the same period in the previous year, the company posted $0.62 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is 77.82%.

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.