Intellectus Partners LLC Trims Stake in Tyson Foods, Inc. (NYSE:TSN)

Intellectus Partners LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,799 shares of the company’s stock after selling 3,134 shares during the quarter. Intellectus Partners LLC’s holdings in Tyson Foods were worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSN. Wellington Management Group LLP lifted its stake in Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after purchasing an additional 200,586 shares during the last quarter. FMR LLC lifted its stake in shares of Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after acquiring an additional 1,034,915 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Tyson Foods by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock valued at $333,152,000 after acquiring an additional 223,447 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Tyson Foods in the 3rd quarter valued at about $274,707,000. Finally, Northern Trust Corp lifted its stake in shares of Tyson Foods by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after acquiring an additional 134,778 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Stephens restated an “overweight” rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. BMO Capital Markets boosted their price target on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Citigroup boosted their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.80.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.26 during midday trading on Friday, reaching $60.63. 1,402,753 shares of the stock were exchanged, compared to its average volume of 1,872,515. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28. The company’s 50 day moving average is $56.97 and its two-hundred day moving average is $52.92. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Tyson Foods’s payout ratio is currently -79.35%.

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.