Intech Investment Management LLC Lowers Stock Holdings in Tyson Foods, Inc. $TSN

Intech Investment Management LLC lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 47.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,078 shares of the company’s stock after selling 78,257 shares during the period. Intech Investment Management LLC’s holdings in Tyson Foods were worth $4,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. NewSquare Capital LLC grew its position in Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods during the 3rd quarter valued at about $28,000. MTM Investment Management LLC purchased a new position in Tyson Foods in the second quarter worth about $36,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Tyson Foods by 89.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Finally, Barclays raised their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $64.27.

Tyson Foods Stock Performance

TSN opened at $64.87 on Friday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 115.85, a PEG ratio of 1.43 and a beta of 0.48. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $61.63 and its 200 day moving average is $57.30.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

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.