Tyson Foods, Inc. $TSN Stock: Inspire Investing LLC Decreases Stake

Key Points

• Inspire Investing LLC reduced its Tyson Foods stake by 69.1% in the third quarter, selling 41,002 shares and retaining 18,296 shares valued at approximately $924,000. Institutional investors collectively own 67% of TSN.
• Analyst sentiment is mixed but leans neutral: Tyson has a consensus “Hold” rating and an average price target of $66.78, while several firms recently lowered their targets.
• Tyson reported quarterly earnings of $0.99 per share, matching estimates, on revenue of $13.87 billion. The company declared a quarterly dividend of $0.51, representing a 3.6% annualized yield.

Inspire Investing LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 69.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,296 shares of the company's stock after selling 41,002 shares during the quarter. Inspire Investing LLC's holdings in Tyson Foods were worth $924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods in the 1st quarter worth approximately $30,000. Basecamp Wealth Advisors LLC increased its holdings in Tyson Foods by 272.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock valued at $30,000 after buying an additional 341 shares during the period. Cedar Mountain Advisors LLC increased its holdings in Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock valued at $31,000 after buying an additional 364 shares during the period. Reyes Financial Architecture Inc. purchased a new stake in Tyson Foods during the third quarter worth $28,000. Finally, Archer Investment Corp purchased a new stake in Tyson Foods during the second quarter worth $31,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. Bank of America dropped their target price on Tyson Foods from $70.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, July 2nd. Zacks Research downgraded Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. Sanford C. Bernstein reduced their price target on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating for the company in a research report on Thursday, July 2nd. BMO Capital Markets dropped their price objective on Tyson Foods from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, September 4th. Finally, Barclays dropped their price objective on Tyson Foods from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $66.78.

Tyson Foods Stock Performance

Shares of TSN opened at $56.41 on Tuesday. Tyson Foods, Inc. has a 12 month low of $49.96 and a 12 month high of $69.48. The stock has a fifty day moving average price of $53.94 and a 200-day moving average price of $59.60. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The firm has a market cap of $19.84 billion, a PE ratio of 34.82, a P/E/G ratio of 0.94 and a beta of 0.40.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The firm had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter last year, the firm earned $0.91 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. Equities research analysts predict that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. Tyson Foods's dividend payout ratio (DPR) is 125.93%.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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