World Investment Advisors Has $481,000 Position in Tyson Foods, Inc. $TSN

World Investment Advisors lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 42.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,604 shares of the company’s stock after selling 6,257 shares during the period. World Investment Advisors’ holdings in Tyson Foods were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter valued at about $28,000. Matrix Trust Co grew its stake in Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after buying an additional 564 shares during the last quarter. First Command Advisory Services Inc. grew its stake in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the last quarter. Beacon Capital Management LLC bought a new position in Tyson Foods in the 2nd quarter valued at about $37,000. Finally, Armstrong Advisory Group Inc. lifted its position in Tyson Foods by 130.6% during the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock worth $38,000 after acquiring an additional 388 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSN. JPMorgan Chase & Co. started coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. JP Morgan Cazenove decreased their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. Finally, Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.92.

Tyson Foods Stock Up 0.4%

Shares of NYSE TSN opened at $51.61 on Tuesday. The stock has a market capitalization of $18.36 billion, a P/E ratio of 23.46, a PEG ratio of 0.85 and a beta of 0.57. The stock’s fifty day moving average is $53.94 and its 200 day moving average is $55.30. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

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.