Tyson Foods, Inc. (NYSE:TSN) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP decreased its position in Tyson Foods by 49%, holding 17,536 shares valued at approximately $1.12 million after selling 16,827 shares in the first quarter.
• Analysts are mixed on Tyson Foods, with JPMorgan and Stephens lowering their price targets to $61.00, while Goldman Sachs initiated coverage with a "buy" rating and a $67.00 price objective.
• Tyson Foods announced a quarterly dividend of $0.50 per share, yielding approximately 3.78%, with the ex-dividend date set for August 29th.

GSA Capital Partners LLP cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 49.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,536 shares of the company's stock after selling 16,827 shares during the period. GSA Capital Partners LLP's holdings in Tyson Foods were worth $1,119,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TSN. Federated Hermes Inc. increased its position in shares of Tyson Foods by 14.9% in the 1st quarter. Federated Hermes Inc. now owns 6,424 shares of the company's stock valued at $410,000 after acquiring an additional 834 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Tyson Foods by 10.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 6,317 shares of the company's stock valued at $403,000 after acquiring an additional 572 shares during the period. Mackenzie Financial Corp increased its position in shares of Tyson Foods by 21.5% in the 1st quarter. Mackenzie Financial Corp now owns 329,789 shares of the company's stock valued at $21,044,000 after acquiring an additional 58,329 shares during the period. LPL Financial LLC increased its position in shares of Tyson Foods by 9.0% in the 1st quarter. LPL Financial LLC now owns 227,851 shares of the company's stock valued at $14,539,000 after acquiring an additional 18,885 shares during the period. Finally, Empirical Finance LLC increased its position in shares of Tyson Foods by 4.2% in the 1st quarter. Empirical Finance LLC now owns 10,258 shares of the company's stock valued at $655,000 after acquiring an additional 416 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on TSN shares. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BMO Capital Markets lowered their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday. Citigroup upped their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. JP Morgan Cazenove lowered their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 7th. Finally, Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.33.

Tyson Foods Price Performance

Shares of TSN traded up $0.23 during mid-day trading on Friday, hitting $52.53. 4,368,311 shares of the company were exchanged, compared to its average volume of 2,382,331. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The company has a 50 day moving average of $54.97 and a 200-day moving average of $57.59. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. Tyson Foods's dividend payout ratio is presently 77.82%.

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.