Vident Investment Advisory LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,676 shares of the company’s stock after selling 2,000 shares during the quarter. Vident Investment Advisory LLC’s holdings in Tyson Foods were worth $4,660,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSN. BerganKDV Wealth Management LLC bought a new stake in shares of Tyson Foods in the second quarter worth $103,000. Trust Department MB Financial Bank N A bought a new stake in shares of Tyson Foods in the second quarter worth $106,000. MUFG Americas Holdings Corp grew its stake in shares of Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after purchasing an additional 858 shares during the last quarter. Fort L.P. bought a new stake in shares of Tyson Foods in the second quarter worth $119,000. Finally, BKS Advisors LLC bought a new stake in shares of Tyson Foods in the second quarter worth $203,000. 70.40% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. ValuEngine cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Stephens cut their price target on shares of Tyson Foods to $73.00 and set an “overweight” rating on the stock in a research report on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets cut their price target on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 7th. Finally, Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $75.73.

Shares of TSN opened at $63.70 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.98 and a beta of 0.11. Tyson Foods, Inc. has a 12 month low of $56.79 and a 12 month high of $84.65.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.17. The business had revenue of $10.05 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. sell-side analysts predict that Tyson Foods, Inc. will post 5.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.88%. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.

In other news, insider Sally Grimes sold 19,258 shares of the stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas P. Hayes sold 20,202 shares of the stock in a transaction dated Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. Insiders have sold a total of 39,610 shares of company stock worth $2,727,593 in the last three months. Insiders own 1.55% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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