Renaissance Technologies LLC Sells 290,400 Shares of Tyson Foods, Inc. (NYSE:TSN)

Renaissance Technologies LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 683,000 shares of the company’s stock after selling 290,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.19% of Tyson Foods worth $39,027,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares in the last quarter. Ridgewood Investments LLC increased its stake in shares of Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after buying an additional 199 shares during the period. Lindbrook Capital LLC raised its position in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after acquiring an additional 214 shares during the last quarter. Unison Advisors LLC lifted its stake in shares of Tyson Foods by 0.8% during the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after acquiring an additional 214 shares during the period. Finally, Caprock Group LLC boosted its holdings in Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock valued at $546,000 after acquiring an additional 235 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TSN shares. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays increased their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Finally, Bank of America dropped their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Up 0.0 %

NYSE:TSN opened at $61.81 on Thursday. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The stock has a 50-day moving average price of $61.89 and a two-hundred day moving average price of $59.25. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of -34.72, a PEG ratio of 0.43 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. As a group, equities analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

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 issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. Tyson Foods’s payout ratio is -110.11%.

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.