Tyson Foods, Inc. $TSN Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in Tyson Foods, Inc. (NYSE:TSN) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,960 shares of the company’s stock after selling 15,070 shares during the quarter. OLD National Bancorp IN’s holdings in Tyson Foods were worth $9,736,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TSN. Louisiana State Employees Retirement System acquired a new position in Tyson Foods in the 1st quarter valued at $923,000. OP Asset Management Ltd acquired a new stake in Tyson Foods during the 1st quarter worth $1,836,000. Assenagon Asset Management S.A. boosted its stake in Tyson Foods by 85.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 892,807 shares of the company’s stock worth $57,202,000 after purchasing an additional 412,100 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Tyson Foods by 19.1% during the first quarter. Cidel Asset Management Inc. now owns 9,477 shares of the company’s stock worth $607,000 after buying an additional 1,521 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Tyson Foods by 4.3% in the first quarter. Krilogy Financial LLC now owns 18,412 shares of the company’s stock valued at $1,178,000 after buying an additional 761 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Stephens increased their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.20.

Tyson Foods Price Performance

Tyson Foods stock opened at $57.63 on Friday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The stock has a market cap of $20.29 billion, a P/E ratio of 45.38, a PEG ratio of 1.17 and a beta of 0.38. The company has a 50-day moving average price of $62.23 and a 200 day moving average price of $61.82. 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 (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the business posted $0.92 EPS. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.16 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 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.