NorthRock Partners LLC Sells 208 Shares of Tyson Foods, Inc. (NYSE:TSN)

NorthRock Partners LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,045 shares of the company’s stock after selling 208 shares during the quarter. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Bessemer Group Inc. raised its stake in Tyson Foods by 11.3% in the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock worth $408,000 after buying an additional 651 shares in the last quarter. Tabor Asset Management LP purchased a new position in Tyson Foods in the 1st quarter worth $2,180,000. VELA Investment Management LLC raised its position in Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock worth $1,128,000 after buying an additional 5,537 shares during the last quarter. World Investment Advisors lifted its stake in Tyson Foods by 54.2% during the 1st quarter. World Investment Advisors now owns 14,861 shares of the company’s stock valued at $948,000 after acquiring an additional 5,226 shares during the period. Finally, Summit Global Investments grew its position in Tyson Foods by 212.8% during the 1st quarter. Summit Global Investments now owns 230,921 shares of the company’s stock worth $14,735,000 after purchasing an additional 157,092 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Citigroup raised their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Sanford C. Bernstein lowered Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $62.70.

Tyson Foods Stock Performance

Shares of TSN opened at $52.91 on Thursday. The company has a 50-day moving average of $55.03 and a two-hundred day moving average of $57.61. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 0.73 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. Tyson Foods, Inc. has a one year low of $52.71 and a one year high of $66.88.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.78%. Tyson Foods’s dividend payout ratio is presently 77.82%.

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.