Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Wealth Enhancement Advisory Services cut its Tyson Foods stake by 15.3% in the second quarter, selling 32,639 shares and retaining 181,371 shares valued at about $9.8 million. Institutional investors collectively own 67% of Tyson’s stock.
• Tyson Foods reported quarterly EPS of $0.99, matching estimates, while revenue of $13.87 billion fell short of the $14.07 billion consensus and declined slightly year over year.
• The company declared a quarterly dividend of $0.51 per share, or $2.04 annualized, implying a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $70.67, versus a recent share price of $55.87.

Wealth Enhancement Advisory Services LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,371 shares of the company's stock after selling 32,639 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Tyson Foods worth $9,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. QRG Capital Management Inc. raised its stake in shares of Tyson Foods by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 120,407 shares of the company's stock worth $6,893,000 after acquiring an additional 3,076 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Tyson Foods by 10.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company's stock worth $35,589,000 after purchasing an additional 59,451 shares in the last quarter. Tema ETFs LLC grew its stake in shares of Tyson Foods by 8.8% during the second quarter. Tema ETFs LLC now owns 5,398 shares of the company's stock worth $309,000 after acquiring an additional 435 shares during the last quarter. Steadtrust LLC grew its position in Tyson Foods by 7.3% during the 2nd quarter. Steadtrust LLC now owns 7,320 shares of the company's stock worth $419,000 after purchasing an additional 500 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in Tyson Foods during the 2nd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $55.87 on Thursday. The firm has a market cap of $19.66 billion, a PE ratio of 34.49, a PEG ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The firm has a fifty day moving average of $57.78 and a 200 day moving average of $61.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43.

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 (EPS) for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.Tyson Foods's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, research analysts predict that Tyson Foods, Inc. will post 3.95 EPS 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. Investors of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods's payout ratio is presently 125.93%.

Analyst Ratings Changes

Several research firms have recently commented on TSN. Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 5th. Sanford C. Bernstein reduced their target price on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating for the company in a research note on Thursday, July 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Tyson Foods in a research report on Tuesday, May 5th. 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. Finally, JPMorgan Chase & Co. cut their price target on Tyson Foods from $71.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $70.67.

Tyson Foods Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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