Sovereign s Capital Management LLC Decreases Stake in Tyson Foods, Inc. $TSN

Sovereign s Capital Management LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,002 shares of the company’s stock after selling 21,723 shares during the quarter. Sovereign s Capital Management LLC’s holdings in Tyson Foods were worth $1,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TSN. Norges Bank purchased a new stake in shares of Tyson Foods during the 4th quarter worth about $308,297,000. Davis Selected Advisers grew its holdings in shares of Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the period. Life Cycle Investment Partners Ltd purchased a new stake in shares of Tyson Foods during the 4th quarter worth about $165,220,000. AQR Capital Management LLC grew its holdings in shares of Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after purchasing an additional 1,480,987 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TSN shares. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Stephens upped their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, Mizuho started coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.27.

Check Out Our Latest Report on Tyson Foods

Tyson Foods Stock Down 0.1%

NYSE TSN opened at $57.24 on Wednesday. The stock has a market cap of $20.15 billion, a PE ratio of 45.07, a P/E/G ratio of 1.15 and a beta of 0.38. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The business has a 50 day moving average price of $63.39 and a two-hundred day moving average price of $61.86. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSNGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 4.2 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

About Tyson Foods

(Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

Recommended Stories

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSNFree Report).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.