Centre Asset Management LLC Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Centre Asset Management LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 151,356 shares of the company's stock after selling 10,694 shares during the quarter. Tyson Foods accounts for approximately 2.5% of Centre Asset Management LLC's portfolio, making the stock its 10th biggest position. Centre Asset Management LLC's holdings in Tyson Foods were worth $9,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 111 Capital purchased a new stake in Tyson Foods during the fourth quarter worth approximately $1,429,000. Wealth Enhancement Advisory Services LLC grew its holdings in Tyson Foods by 66.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company's stock worth $1,017,000 after acquiring an additional 7,092 shares during the period. Probity Advisors Inc. grew its holdings in Tyson Foods by 5.0% in the fourth quarter. Probity Advisors Inc. now owns 5,390 shares of the company's stock valued at $310,000 after purchasing an additional 256 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in Tyson Foods in the fourth quarter valued at $65,000. Finally, Park Square Financial Group LLC acquired a new stake in Tyson Foods in the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.7%

Shares of NYSE TSN traded down $0.40 during mid-day trading on Monday, reaching $55.76. The company had a trading volume of 591,354 shares, compared to its average volume of 2,375,798. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The stock has a fifty day moving average of $58.88 and a two-hundred day moving average of $59.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) 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. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is 77.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Citigroup upped their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.