IFM Investors Pty Ltd Lowers Holdings in Tyson Foods, Inc. (NYSE:TSN)

IFM Investors Pty Ltd trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 28.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 37,224 shares of the company’s stock after selling 15,099 shares during the period. IFM Investors Pty Ltd’s holdings in Tyson Foods were worth $2,217,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in Tyson Foods in the first quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Tyson Foods during the second quarter worth $54,000. Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the third quarter worth $59,000. Finally, SYSTM Wealth Solutions LLC lifted its stake in Tyson Foods by 1,566.2% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $58.67 on Monday. The firm has a market capitalization of $20.95 billion, a P/E ratio of -32.96, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $61.27 and its two-hundred day moving average is $59.70.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Research analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is currently -110.11%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target on the stock. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods 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.