Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,385 shares of the company’s stock after selling 522 shares during the quarter. Ipsen Advisor Group LLC’s holdings in Tyson Foods were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Park Square Financial Group LLC acquired a new stake in shares of Tyson Foods during the fourth quarter valued at about $25,000. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares during the period. Curat Global LLC purchased a new stake in Tyson Foods during the 1st quarter worth about $28,000. SRS Capital Advisors Inc. increased its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the period. Finally, Ossiam grew its holdings in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several analyst reports. Stephens lowered their price objective 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. Citigroup lifted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.63.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.27 on Tuesday. The stock has a 50 day simple moving average of $58.03 and a 200-day simple moving average of $58.90. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.74 and a beta of 0.60. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 yield of 3.62%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s payout ratio is currently 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.