Creative Planning Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

Creative Planning lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 52.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,233 shares of the company’s stock after selling 35,725 shares during the quarter. Creative Planning’s holdings in Tyson Foods were worth $1,920,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in Tyson Foods during the 1st quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Tyson Foods during the 2nd quarter worth approximately $54,000. SYSTM Wealth Solutions LLC grew its stake in Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after buying an additional 1,018 shares during the last quarter. Finally, First Community Trust NA lifted its position in Tyson Foods by 58.0% during the 2nd quarter. First Community Trust NA now owns 1,106 shares of the company’s stock worth $63,000 after acquiring an additional 406 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSN. Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stephens began coverage on Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective for the company. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Citigroup decreased their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average target price of $59.22.

Tyson Foods Stock Up 0.9 %

TSN opened at $59.20 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The business has a 50 day simple moving average of $61.21 and a 200-day simple moving average of $59.70. The stock has a market capitalization of $21.07 billion, a P/E ratio of -986.67, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.31%. Tyson Foods’s dividend payout ratio is presently -3,266.67%.

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.