Victory Capital Management Inc. Sells 2,699 Shares of Tyson Foods, Inc. (NYSE:TSN)

Victory Capital Management Inc. decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,215 shares of the company’s stock after selling 2,699 shares during the period. Victory Capital Management Inc.’s holdings in Tyson Foods were worth $6,355,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TSN. Price T Rowe Associates Inc. MD raised its holdings in shares of Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after acquiring an additional 128,274 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after purchasing an additional 606,518 shares in the last quarter. Capital Research Global Investors grew its holdings in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after buying an additional 2,920,479 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after buying an additional 1,465,139 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent analyst reports. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Bank of America cut their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, 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 report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.44.

Tyson Foods Stock Down 0.5 %

TSN stock opened at $61.40 on Monday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The stock has a fifty day moving average of $61.56 and a 200-day moving average of $59.12. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

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 the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. As a group, equities research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.