Tobam Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Tobam trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 64.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,057 shares of the company’s stock after selling 45,891 shares during the quarter. Tobam’s holdings in Tyson Foods were worth $1,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after purchasing an additional 173 shares during the period. Syon Capital LLC boosted its stake in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after purchasing an additional 174 shares during the period. Norinchukin Bank The boosted its stake in Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock worth $632,000 after purchasing an additional 184 shares during the period. Ossiam boosted its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after purchasing an additional 184 shares during the period. Finally, Covestor Ltd boosted its stake in Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company’s stock worth $121,000 after purchasing an additional 199 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $55.65 on Friday. The firm has a market cap of $19.82 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.74 and a beta of 0.60. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock’s fifty day moving average price is $57.73 and its 200-day moving average price is $58.80.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 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, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, August 29th. Tyson Foods’s dividend payout ratio is presently 77.82%.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, Stephens lowered their target price on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.63.

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.