Tyson Foods, Inc. (NYSE:TSN) Stake Lowered by Huber Capital Management LLC

Huber Capital Management LLC decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,763 shares of the company’s stock after selling 2,300 shares during the period. Huber Capital Management LLC’s holdings in Tyson Foods were worth $729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Financial Corp IN bought a new stake in Tyson Foods in the first quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in Tyson Foods in the 1st quarter valued at about $42,000. Lindbrook Capital LLC boosted its stake in 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 period. Mather Group LLC. bought a new position in Tyson Foods in the 1st quarter worth about $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.14 on Friday. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of -33.79, a PEG ratio of 0.43 and a beta of 0.78. 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 stock’s fifty day simple moving average is $62.05 and its 200 day simple moving average is $59.31.

Tyson Foods (NYSE:TSN) last issued its quarterly 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 firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the business posted $0.15 EPS. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. 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. Barclays raised their target price 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. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets upped their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.