Yacktman Asset Management LP Sells 39,387 Shares of Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,427 shares of the company's stock after selling 39,387 shares during the quarter. Tyson Foods accounts for 2.2% of Yacktman Asset Management LP's portfolio, making the stock its 19th largest position. Yacktman Asset Management LP owned approximately 0.74% of Tyson Foods worth $167,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Tyson Foods in the 4th quarter valued at $25,000. Curat Global LLC acquired a new stake in Tyson Foods in the 1st quarter valued at $28,000. Ossiam increased its stake in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the last quarter. TCTC Holdings LLC increased its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares during the last quarter. Finally, Rossby Financial LCC acquired a new stake in Tyson Foods in the 1st quarter valued at $53,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

TSN traded down $0.43 on Friday, reaching $54.21. The company had a trading volume of 3,147,933 shares, compared to its average volume of 2,453,833. Tyson Foods, Inc. has a fifty-two week low of $53.58 and a fifty-two week high of $66.88. The stock has a market cap of $19.31 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.74 and a beta of 0.59. The company's fifty day moving average is $55.71 and its 200 day moving average is $57.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stephens lowered their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. 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 research note on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.11.

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.