Tyson Foods, Inc. (TSN) Stake Decreased by Palladium Partners LLC

Palladium Partners LLC cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,624 shares of the company’s stock after selling 11,330 shares during the period. Palladium Partners LLC’s holdings in Tyson Foods were worth $2,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Principal Financial Group Inc. increased its stake in shares of Tyson Foods by 31.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,531,213 shares of the company’s stock worth $112,069,000 after purchasing an additional 368,074 shares during the last quarter. CenturyLink Investment Management Co acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $1,283,000. DnB Asset Management AS acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $3,047,000. Clinton Group Inc. acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $749,000. Finally, Curbstone Financial Management Corp acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $929,000. Institutional investors own 70.35% of the company’s stock.

NYSE TSN opened at $62.10 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.93 and a beta of 0.14. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65.

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

The company also recently declared 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 1.93%. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.

A number of brokerages recently commented on TSN. reiterated a “sell” rating on shares of Tyson Foods in a research note on Thursday, July 5th. Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a research note 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 research note on Wednesday, July 25th. Stephens decreased their price target on shares of Tyson Foods to $73.00 and set an “overweight” rating on the stock in a research note on Monday, July 30th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $74.56.

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.

Featured Story: How does inflation affect different investments?

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

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

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply