Lecap Asset Management Ltd. Lowers Holdings in Tyson Foods, Inc. (NYSE:TSN)

Lecap Asset Management Ltd. trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 29.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,645 shares of the company’s stock after selling 8,926 shares during the period. Lecap Asset Management Ltd.’s holdings in Tyson Foods were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. First Financial Corp IN bought a new stake in shares of Tyson Foods in the first quarter worth about $35,000. Sunbelt Securities Inc. increased its holdings in shares of Tyson Foods by 13.8% in the first quarter. Sunbelt Securities Inc. now owns 10,803 shares of the company’s stock worth $634,000 after purchasing an additional 1,307 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tyson Foods by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock worth $553,000 after purchasing an additional 336 shares during the last quarter. Lincoln Capital Corp increased its holdings in shares of Tyson Foods by 28.7% in the first quarter. Lincoln Capital Corp now owns 36,349 shares of the company’s stock worth $2,135,000 after purchasing an additional 8,107 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of Tyson Foods in the first quarter worth about $7,465,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $58.88 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1-year low of $45.08 and a 1-year high of $66.88. The business has a 50-day moving average price of $61.41 and a 200 day moving average price of $59.70. The company has a market capitalization of $21.02 billion, a P/E ratio of -33.08, a PEG ratio of 0.38 and a beta of 0.78.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. 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. Stephens assumed coverage on Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective on the stock. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets boosted their price objective on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.22.

Tyson Foods Company 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.