Merit Financial Group LLC Lowers Stock Holdings in Tyson Foods, Inc. $TSN

Merit Financial Group LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 26.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,914 shares of the company’s stock after selling 12,594 shares during the quarter. Merit Financial Group LLC’s holdings in Tyson Foods were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake in Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods in the first quarter worth $30,000. Basecamp Wealth Advisors LLC grew its stake in shares of Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 341 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after acquiring an additional 364 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN opened at $55.87 on Thursday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $57.78 and its 200 day moving average is $61.73.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s dividend payout ratio is presently 125.93%.

Analyst Ratings Changes

TSN has been the topic of a number of analyst reports. Sanford C. Bernstein dropped their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Bank of America reduced their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, Stephens increased their price target 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. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.67.

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.