Foundry Partners LLC Sells 11,962 Shares of Tyson Foods, Inc. (NYSE:TSN)

Foundry Partners LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,235 shares of the company's stock after selling 11,962 shares during the quarter. Foundry Partners LLC owned approximately 0.06% of Tyson Foods worth $13,415,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSN. Vanguard Group Inc. lifted its holdings in Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after acquiring an additional 325,361 shares during the period. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the period. Geode Capital Management LLC lifted its holdings in Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after acquiring an additional 178,785 shares during the period. Northern Trust Corp raised its stake in shares of Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after buying an additional 118,402 shares during the period. Finally, Norges Bank bought a new stake in shares of Tyson Foods in the fourth quarter valued at $175,086,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE TSN opened at $53.37 on Friday. The business's fifty day moving average price is $55.36 and its 200-day moving average price is $57.75. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.73 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. Tyson Foods, Inc. has a 1-year low of $52.71 and a 1-year high of $66.88.

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

Tyson Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Stephens reduced their price target 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. Finally, Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $63.11.

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.

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