Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 30.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 299,458 shares of the company's stock after selling 129,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.08% of Tyson Foods worth $17,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Retirement Systems of Alabama grew its stake in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company's stock valued at $3,712,000 after purchasing an additional 337 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Tyson Foods by 100.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company's stock worth $606,000 after acquiring an additional 5,175 shares in the last quarter. Cetera Advisors LLC boosted its stake in Tyson Foods by 149.2% in 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 Tyson Foods in the fourth quarter worth $1,399,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Tyson Foods by 26.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company's stock valued at $519,000 after purchasing an additional 1,841 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TSN shares. 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 research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price 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. StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. 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. Finally, Bank of America lowered their price target on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.44.

Tyson Foods Trading Up 0.5 %

NYSE:TSN traded up $0.28 on Monday, reaching $60.42. The company's stock had a trading volume of 1,953,819 shares, compared to its average volume of 2,544,850. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of -33.94, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $66.88. The stock has a 50 day moving average price of $62.10 and a 200 day moving average price of $59.44.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm earned $0.15 EPS. The business's revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, November 29th. Tyson Foods's dividend payout ratio is currently -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.