Dimensional Fund Advisors LP Has $199.92 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Dimensional Fund Advisors LP lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,499,063 shares of the company’s stock after selling 102,862 shares during the period. Dimensional Fund Advisors LP owned about 0.98% of Tyson Foods worth $199,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. Principal Securities Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter worth about $67,000. Envestnet Portfolio Solutions Inc. increased its stake in Tyson Foods by 8.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,470 shares of the company’s stock valued at $402,000 after buying an additional 594 shares during the last quarter. Brown Advisory Inc. increased its stake in Tyson Foods by 8.6% in the 4th quarter. Brown Advisory Inc. now owns 4,661 shares of the company’s stock valued at $251,000 after buying an additional 369 shares during the last quarter. Norges Bank purchased a new stake in Tyson Foods in the 4th quarter valued at about $89,286,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Tyson Foods by 34.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,721 shares of the company’s stock valued at $254,000 after buying an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.2 %

TSN opened at $61.66 on Friday. The company has a 50 day moving average of $61.99 and a 200 day moving average of $59.26. The company has a market cap of $21.94 billion, a PE ratio of -34.64, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. 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 released its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The company 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%. Tyson Foods’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. On average, sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on TSN shares. 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 research note on Monday, September 9th. Bank of America decreased their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.44.

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.