Barrow Hanley Mewhinney & Strauss LLC Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,458 shares of the company’s stock after selling 129,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.08% of Tyson Foods worth $17,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSN. Retirement Systems of Alabama boosted its position in shares of Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock worth $3,712,000 after purchasing an additional 337 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Tyson Foods by 100.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after acquiring an additional 5,175 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Eisler Capital UK Ltd. purchased a new position in shares of Tyson Foods in the 4th quarter valued at approximately $1,399,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyson Foods by 26.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock worth $519,000 after purchasing an additional 1,841 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tyson Foods Stock Down 2.5 %

Shares of TSN stock opened at $60.14 on Monday. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $66.88. The stock has a market cap of $21.40 billion, a P/E ratio of -33.79, a P/E/G ratio of 0.43 and a beta of 0.78. The stock has a 50 day moving average of $62.05 and a 200 day moving average of $59.39. 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 posted 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 during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.26%. Tyson Foods’s dividend payout ratio is presently -110.11%.

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.