Artisan Partners Limited Partnership Lowers Stake in Tyson Foods, Inc. $TSN

Artisan Partners Limited Partnership reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 939,484 shares of the company’s stock after selling 69,788 shares during the period. Artisan Partners Limited Partnership owned approximately 0.26% of Tyson Foods worth $51,014,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock worth $2,042,085,000 after purchasing an additional 543,513 shares during the last quarter. State Street Corp lifted its position in Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after buying an additional 439,623 shares during the last quarter. Pzena Investment Management LLC lifted its position in Tyson Foods by 0.9% in the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock worth $750,943,000 after buying an additional 120,826 shares during the last quarter. Davis Selected Advisers boosted its stake in Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after buying an additional 4,276,884 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after acquiring an additional 122,055 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Barclays raised their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Finally, BMO Capital Markets increased their target price on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $64.87 on Friday. 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 has a 50-day moving average price of $61.63 and a 200-day moving average price of $57.29. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 115.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41.

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

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given 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 presently 364.29%.

Tyson Foods 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.