Lecap Asset Management Ltd. Sells 8,926 Shares of Tyson Foods, Inc. (NYSE:TSN)

Lecap Asset Management Ltd. lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 29.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,645 shares of the company's stock after selling 8,926 shares during the period. Lecap Asset Management Ltd.'s holdings in Tyson Foods were worth $1,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Financial Corp IN purchased a new stake in Tyson Foods in the first quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods in the 1st quarter worth about $42,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods during the second quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC bought a new position in Tyson Foods in the third quarter worth about $59,000. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSN shares. JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Bank of America lowered 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. Barclays increased their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Finally, Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $59.22.

Tyson Foods Stock Performance

NYSE:TSN traded up $0.15 on Thursday, hitting $59.03. The stock had a trading volume of 1,657,507 shares, compared to its average volume of 2,452,985. The business's 50-day simple moving average is $61.41 and its two-hundred day simple moving average is $59.70. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of -983.83, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $45.08 and a 52-week high of $66.88. 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 (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 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 analyst estimates 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 prior year, the business posted $0.15 EPS. As a group, research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, November 29th. Tyson Foods's dividend payout ratio is presently -3,266.67%.

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.