Applied Finance Capital Management LLC Sells 241,769 Shares of Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Applied Finance Capital Management LLC has significantly reduced its stake in Tyson Foods, selling 241,769 shares to decrease its holdings by 47.2%.
• Several institutional investors have enhanced their positions in Tyson Foods, with GAMMA Investing LLC notably increasing its holdings by 5,809.7% in the first quarter.
• Analysts have given mixed reviews on Tyson Foods, with firms like Stephens and JPMorgan Chase lowering their price targets, while Goldman Sachs initiated coverage with a "buy" rating and a target of $67.00.

Applied Finance Capital Management LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 47.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 269,976 shares of the company's stock after selling 241,769 shares during the quarter. Applied Finance Capital Management LLC owned 0.08% of Tyson Foods worth $17,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. Park Square Financial Group LLC acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $25,000. Curat Global LLC acquired a new stake in Tyson Foods during the 1st quarter valued at approximately $28,000. Ossiam boosted its holdings in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $53,000. Finally, Transce3nd LLC bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Down 0.5%

Shares of TSN traded down $0.26 during trading hours on Wednesday, reaching $53.40. The stock had a trading volume of 958,070 shares, compared to its average volume of 2,683,227. Tyson Foods, Inc. has a 12 month low of $52.71 and a 12 month high of $66.88. The firm has a 50-day simple moving average of $55.10 and a 200 day simple moving average of $57.64. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 0.73 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period last year, the business earned $0.62 EPS. Tyson Foods's quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSN. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Stephens cut their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Finally, Citigroup increased their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.70.

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.