Amalgamated Bank Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Amalgamated Bank lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,314 shares of the company’s stock after selling 7,876 shares during the quarter. Amalgamated Bank’s holdings in Tyson Foods were worth $5,046,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. First Financial Corp IN bought a new stake in shares of Tyson Foods in the 1st quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the 1st quarter worth approximately $42,000. Lindbrook Capital LLC increased its position in shares of Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the last quarter. Mather Group LLC. purchased a new stake in Tyson Foods during the 1st quarter valued at $49,000. Finally, Hantz Financial Services Inc. bought a new stake in Tyson Foods in the second quarter worth $54,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $60.14 on Friday. 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 company has a market cap of $21.40 billion, a price-to-earnings ratio of -33.79, 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. The company has a 50 day moving average of $62.05 and a two-hundred day moving average of $59.31.

Tyson Foods (NYSE:TSN) last released its earnings results 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 firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal 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 $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods’s payout ratio is -110.11%.

Wall Street Analysts Forecast Growth

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

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.