Advisory Services Network LLC Has $2.19 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Advisory Services Network LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,383 shares of the company’s stock after buying an additional 1,052 shares during the quarter. Advisory Services Network LLC’s holdings in Tyson Foods were worth $2,185,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New Hampshire acquired a new stake in shares of Tyson Foods during the first quarter worth $27,000. Keybank National Association OH acquired a new position in Tyson Foods during the 1st quarter worth approximately $489,000. Glenmede Trust Co. NA raised its stake in Tyson Foods by 0.4% during the 4th quarter. Glenmede Trust Co. NA now owns 203,403 shares of the company’s stock worth $17,729,000 after buying an additional 893 shares during the period. Metis Global Partners LLC raised its stake in Tyson Foods by 44.9% during the 1st quarter. Metis Global Partners LLC now owns 6,736 shares of the company’s stock worth $603,000 after buying an additional 2,088 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tyson Foods by 5.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,131 shares of the company’s stock worth $3,507,000 after buying an additional 2,126 shares during the period. 68.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSN. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Sanford C. Bernstein decreased their price objective on Tyson Foods to $101.00 in a report on Monday, August 15th. Barclays decreased their price objective on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, August 9th. Finally, BMO Capital Markets decreased their price objective on Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $93.13.

Tyson Foods Stock Performance

TSN stock opened at $72.01 on Friday. The business has a 50 day moving average of $80.27 and a 200-day moving average of $86.07. Tyson Foods, Inc. has a 12-month low of $71.41 and a 12-month high of $100.72. The firm has a market cap of $25.90 billion, a PE ratio of 6.47 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

Tyson Foods (NYSE:TSNGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.03). Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the company posted $2.70 earnings per share. Tyson Foods’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 8.85 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is 16.53%.

Tyson Foods Company Profile

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Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

Further Reading

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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