Palouse Capital Management Inc. Trims Position in Tyson Foods, Inc. (NYSE:TSN)

Palouse Capital Management Inc. lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,868 shares of the company’s stock after selling 1,685 shares during the period. Tyson Foods comprises 2.8% of Palouse Capital Management Inc.’s holdings, making the stock its 5th largest position. Palouse Capital Management Inc.’s holdings in Tyson Foods were worth $4,164,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. First Financial Corp IN acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods in the first quarter valued at about $42,000. Lindbrook Capital LLC lifted its holdings in shares of Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares in the last quarter. Mather Group LLC. bought a new position in shares of Tyson Foods during the first quarter worth about $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods during the second quarter worth about $54,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent research reports. Bank of America reduced their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets raised their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $61.81 on Thursday. 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 business’s 50 day moving average price is $61.89 and its two-hundred day moving average price is $59.25. The company has a market cap of $21.99 billion, a PE ratio of -34.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $66.88.

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. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 3.17%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

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.