Applied Finance Capital Management LLC Lowers Stock Holdings in Tyson Foods, Inc. $TSN

Applied Finance Capital Management LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,489 shares of the company’s stock after selling 16,659 shares during the period. Applied Finance Capital Management LLC’s holdings in Tyson Foods were worth $14,703,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after buying an additional 157 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Tyson Foods by 0.4% during the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after purchasing an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after purchasing an additional 166 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings in Tyson Foods by 28.8% in the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of several recent analyst reports. Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Sanford C. Bernstein lowered their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Price Performance

Shares of TSN opened at $57.72 on Monday. The firm has a market cap of $20.32 billion, a PE ratio of 45.45, a P/E/G ratio of 1.20 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $60.96 and a two-hundred day simple moving average of $61.82. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 4.09 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Tyson Foods Profile

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.