Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Tobam

Tobam trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 64.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,057 shares of the company's stock after selling 45,891 shares during the period. Tobam's holdings in Tyson Foods were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in Tyson Foods during the fourth quarter worth $228,000. Kingsview Wealth Management LLC raised its stake in shares of Tyson Foods by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company's stock worth $311,000 after buying an additional 376 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position 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 worth $702,000 after buying an additional 5,580 shares in the last quarter. Finally, Savant Capital LLC grew its stake in Tyson Foods by 19.8% in the 4th quarter. Savant Capital LLC now owns 16,137 shares of the company's stock valued at $927,000 after acquiring an additional 2,668 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.7%

Tyson Foods stock traded down $0.92 during midday trading on Friday, reaching $54.75. The stock had a trading volume of 3,090,025 shares, compared to its average volume of 2,397,438. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The stock has a market capitalization of $19.50 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60. The stock's 50-day simple moving average is $57.67 and its 200 day simple moving average is $58.74.

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

Tyson Foods Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.65%. Tyson Foods's dividend payout ratio is currently 77.82%.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research reports. Stephens cut their target price on shares of 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. JPMorgan Chase & Co. cut their price objective 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 report on Tuesday, May 6th. Finally, Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $62.63.

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.