Geneos Wealth Management Inc. Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Geneos Wealth Management Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,271 shares of the company’s stock after selling 5,165 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Tyson Foods were worth $3,782,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Tyson Foods by 4,207.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock worth $104,344,000 after buying an additional 1,597,272 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 10.6% in the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock valued at $846,379,000 after acquiring an additional 1,271,750 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Tyson Foods by 5,809.7% in the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock worth $29,459,000 after acquiring an additional 453,853 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Tyson Foods by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company’s stock worth $78,722,000 after purchasing an additional 392,200 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Tyson Foods during the fourth quarter valued at $22,059,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.4%

Shares of NYSE TSN opened at $52.91 on Thursday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company’s 50-day simple moving average is $55.03 and its 200-day simple moving average is $57.61. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $52.71 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. During the same period in the previous year, the firm posted $0.62 EPS. Tyson Foods’s revenue was up .0% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, August 29th. Tyson Foods’s dividend payout ratio is presently 77.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSN. The Goldman Sachs Group initiated coverage on Tyson Foods in a research report on Monday, June 23rd. They set a “buy” rating and a $67.00 price target on the stock. Stephens reduced their price target on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Citigroup raised their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $62.70.

About Tyson Foods

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.