WealthPlan Investment Management LLC Sells 100,026 Shares of Tyson Foods, Inc. $TSN

WealthPlan Investment Management LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 52.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 89,278 shares of the company’s stock after selling 100,026 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Tyson Foods were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Tyson Foods by 0.6% during the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after purchasing an additional 85,282 shares during the period. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 0.9% during the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock worth $750,943,000 after purchasing an additional 120,826 shares during the period. Davis Selected Advisers increased its stake in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the period. AQR Capital Management LLC increased its stake in shares of Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Tyson Foods by 1.8% during the third quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock worth $324,280,000 after purchasing an additional 107,884 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Mizuho began coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Stephens increased their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Trading Down 1.3%

Shares of NYSE:TSN opened at $65.78 on Friday. The company has a market capitalization of $23.16 billion, a P/E ratio of 51.79, a P/E/G ratio of 1.35 and a beta of 0.40. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business’s 50 day simple moving average is $63.77 and its 200 day simple moving average is $60.65.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. Tyson Foods’s dividend payout ratio is currently 160.63%.

Tyson Foods Company 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.