Great Lakes Advisors LLC Sells 17,655 Shares of Tyson Foods, Inc. (NYSE:TSN)

Great Lakes Advisors LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 797,942 shares of the company’s stock after selling 17,655 shares during the period. Great Lakes Advisors LLC’s holdings in Tyson Foods were worth $45,594,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Financial Corp IN bought a new position in shares of Tyson Foods during the first quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods during the 1st quarter valued at $42,000. Lindbrook Capital LLC increased its position in shares of Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. acquired a new position in Tyson Foods in the first quarter valued at about $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in Tyson Foods during the second quarter worth about $54,000. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TSN shares. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets boosted their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays increased their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Bank of America lowered their price target 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Trading Up 1.1 %

Shares of Tyson Foods stock traded up $0.74 during trading on Friday, hitting $65.87. The company’s stock had a trading volume of 3,443,335 shares, compared to its average volume of 2,562,758. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of -37.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.27. The stock has a 50-day moving average price of $60.97 and a two-hundred day moving average price of $58.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

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 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 period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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 2.98%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is -110.11%.

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.