Larson Financial Group LLC Sells 6,194 Shares of Tyson Foods, Inc. (NYSE:TSN)

Larson Financial Group LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 71.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,495 shares of the company's stock after selling 6,194 shares during the quarter. Larson Financial Group LLC's holdings in Tyson Foods were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tyson Foods by 2.6% in the 4th 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 last quarter. Northern Trust Corp raised its holdings in Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock worth $270,014,000 after acquiring an additional 118,402 shares during the last quarter. Norges Bank purchased a new position in Tyson Foods in the 4th quarter worth approximately $175,086,000. Finally, Deutsche Bank AG raised its holdings in Tyson Foods by 7.9% in the 4th quarter. Deutsche Bank AG now owns 2,180,480 shares of the company's stock worth $125,247,000 after acquiring an additional 159,617 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in 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. Citigroup boosted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.70.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.10 during midday trading on Wednesday, hitting $54.37. The company had a trading volume of 2,295,344 shares, compared to its average volume of 2,494,794. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The company has a market cap of $19.37 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.74 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $52.71 and a 12-month high of $66.88. The company has a fifty day moving average of $55.28 and a two-hundred day moving average of $57.67.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS 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 analyst estimates 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 was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced 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 3.68%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

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.