Tyson Foods, Inc. (TSN) Position Trimmed by Cognios Capital LLC

Cognios Capital LLC lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 22.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 28,758 shares of the company’s stock after selling 8,170 shares during the quarter. Cognios Capital LLC’s holdings in Tyson Foods were worth $1,711,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TSN. BerganKDV Wealth Management LLC bought a new stake in Tyson Foods in the second quarter valued at $103,000. Trust Department MB Financial Bank N A bought a new stake in Tyson Foods in the second quarter valued at $106,000. MUFG Americas Holdings Corp boosted its holdings in Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after acquiring an additional 858 shares in the last quarter. Fort L.P. bought a new stake in Tyson Foods in the second quarter valued at $119,000. Finally, Cerebellum GP LLC bought a new stake in Tyson Foods in the third quarter valued at $170,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

Several analysts recently weighed in on TSN shares. Zacks Investment Research cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Mizuho set a $87.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a report on Wednesday, July 25th. Stephens cut their price target on shares of Tyson Foods to $73.00 and set an “overweight” rating on the stock in a report on Monday, July 30th. They noted that the move was a valuation call. ValuEngine cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Tyson Foods presently has an average rating of “Hold” and an average price target of $74.56.

Shares of TSN stock opened at $61.56 on Friday. Tyson Foods, Inc. has a 12 month low of $56.79 and a 12 month high of $84.65. The firm has a market cap of $22.73 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.94 and a beta of 0.14. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm had revenue of $10.05 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Tyson Foods, Inc. will post 5.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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

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