Inceptionr LLC Decreases Stake in Tyson Foods, Inc. $TSN

Inceptionr LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 31.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,673 shares of the company’s stock after selling 12,094 shares during the quarter. Tyson Foods accounts for approximately 0.4% of Inceptionr LLC’s portfolio, making the stock its 25th biggest position. Inceptionr LLC’s holdings in Tyson Foods were worth $1,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 10.7% in the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after buying an additional 1,480,987 shares during the period. State Street Corp lifted its stake in 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 last quarter. Davis Selected Advisers lifted its stake in 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 last quarter. AQR Capital Management LLC lifted its stake in 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 last quarter. Finally, Invesco Ltd. lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $56.06 on Thursday. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The stock has a 50 day moving average of $63.99 and a two-hundred day moving average of $61.85. The stock has a market cap of $19.74 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.15 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Tyson Foods, Inc. will post 4.14 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. Tyson Foods’s payout ratio is currently 160.63%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSN. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Finally, Stephens boosted their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.27.

About Tyson Foods

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.