Tyson Foods, Inc. $TSN Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,305,108 shares of the company’s stock after selling 1,366,440 shares during the quarter. Wellington Management Group LLP owned approximately 1.22% of Tyson Foods worth $246,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of TSN. Norges Bank acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $308,297,000. Life Cycle Investment Partners Ltd acquired a new position in shares of Tyson Foods in the fourth quarter worth $165,220,000. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. AQR Capital Management LLC increased its position in Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Tyson Foods by 877.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock valued at $74,574,000 after purchasing an additional 1,232,835 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Bank of America dropped their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $70.67.

Tyson Foods Price Performance

TSN stock opened at $55.43 on Monday. The company has a market cap of $19.50 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $57.97 and a two-hundred day moving average price of $61.10. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period last year, the business posted $0.91 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.7%. Tyson Foods’s dividend payout ratio is presently 125.93%.

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.