Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 45.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,517 shares of the company’s stock after selling 5,483 shares during the period. King Luther Capital Management Corp’s holdings in Tyson Foods were worth $372,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TSN. Canada Pension Plan Investment Board raised its position in Tyson Foods by 37.1% during the second quarter. Canada Pension Plan Investment Board now owns 897,615 shares of the company’s stock valued at $51,290,000 after acquiring an additional 242,700 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Tyson Foods by 26.4% during the 2nd quarter. Intech Investment Management LLC now owns 45,691 shares of the company’s stock valued at $2,611,000 after purchasing an additional 9,542 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Tyson Foods in the 2nd quarter valued at $798,000. XTX Topco Ltd bought a new stake in Tyson Foods in the second quarter worth $840,000. Finally, Altrius Capital Management Inc increased its position in Tyson Foods by 1.2% during the second quarter. Altrius Capital Management Inc now owns 73,848 shares of the company’s stock worth $4,220,000 after buying an additional 892 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSN. JPMorgan Chase & Co. boosted 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. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. 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 report on Tuesday, August 6th. Bank of America decreased their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Barclays lifted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a 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 issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Stock Performance

NYSE:TSN opened at $60.14 on Monday. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a market cap 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 firm’s 50-day moving average is $62.05 and its 200-day moving average is $59.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS 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 company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the company earned $0.15 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is -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.