Thompson Investment Management Inc. Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Thompson Investment Management Inc. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,056 shares of the company's stock after selling 4,911 shares during the quarter. Thompson Investment Management Inc.'s holdings in Tyson Foods were worth $4,917,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after buying an additional 729 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after purchasing an additional 1,532 shares in the last quarter. Summit Global Investments raised its holdings in shares of Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after purchasing an additional 157,092 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Tyson Foods by 84.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 12,216 shares of the company's stock valued at $702,000 after purchasing an additional 5,580 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSN. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup raised their price objective 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. Stephens reduced their price objective on shares of 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, JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $62.63.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.92 during midday trading on Friday, hitting $54.75. 3,090,025 shares of the company's stock were exchanged, compared to its average volume of 2,399,952. Tyson Foods, Inc. has a 12-month low of $53.91 and a 12-month high of $66.88. 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 stock has a market cap of $19.50 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60. The firm's 50 day simple moving average is $57.67 and its 200 day simple moving average is $58.70.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

About Tyson Foods

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.