Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,509,202 shares of the company’s stock after selling 407,863 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Tyson Foods were worth $200,516,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the period. Capital Research Global Investors increased its stake in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the last quarter. Finally, Davis Selected Advisers acquired a new stake in shares of Tyson Foods during the second quarter worth $177,439,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN opened at $65.78 on Tuesday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. The stock’s fifty day moving average is $61.14 and its 200-day moving average is $58.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of -36.96, a price-to-earnings-growth ratio of 0.46 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 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 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%. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current 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 given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 2.98%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSN shares. Bank of America lowered their price objective on shares of 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 increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets boosted their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.44.

About Tyson Foods

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.