Tyson Foods, Inc. $TSN Stock Position Raised by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 621,639 shares of the company’s stock after acquiring an additional 59,451 shares during the period. Wedge Capital Management L L P NC’s holdings in Tyson Foods were worth $35,589,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Tyson Foods in the first quarter worth $30,000. Basecamp Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 341 shares during the period. Cedar Mountain Advisors LLC lifted its position in Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares during the last quarter. Finally, Activest Wealth Management lifted its position in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 1.2%

Shares of Tyson Foods stock opened at $56.49 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The company’s fifty day moving average price is $57.81 and its two-hundred day moving average price is $61.76. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The firm has a market capitalization of $19.87 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the prior year, the firm posted $0.91 EPS. Tyson Foods’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 125.93%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Sanford C. Bernstein cut their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. HSBC decreased their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.67.

About Tyson Foods

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.