Mutual of America Capital Management LLC Has $2.13 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Mutual of America Capital Management LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,298 shares of the company’s stock after selling 964 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tyson Foods were worth $2,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the 4th quarter worth about $25,000. Curat Global LLC bought a new position in shares of Tyson Foods in the 1st quarter worth about $28,000. Ossiam raised its position in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares in the last quarter. Rossby Financial LCC bought a new stake in Tyson Foods in the 1st quarter valued at about $53,000. Finally, Transce3nd LLC bought a new stake in Tyson Foods in the 4th quarter valued at about $54,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.1%

Shares of NYSE:TSN opened at $53.37 on Friday. The stock’s 50-day moving average price is $55.36 and its 200-day moving average price is $57.76. Tyson Foods, Inc. has a 12-month low of $52.71 and a 12-month high of $66.88. The stock has a market capitalization of $19.01 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 0.72 and a beta of 0.59. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. Tyson Foods’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.75%. Tyson Foods’s dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on TSN shares. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They set a “buy” rating and a $67.00 price objective for the company. Stephens dropped their price objective on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $63.11.

Tyson Foods Company Profile

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.