Creative Planning Sells 35,725 Shares of Tyson Foods, Inc. (NYSE:TSN)

Creative Planning trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 52.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. bought a new stake in Tyson Foods in the first quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% in the third 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 in the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods in the second quarter worth approximately $54,000. SYSTM Wealth Solutions LLC increased its holdings in Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock worth $62,000 after purchasing an additional 1,018 shares in the last quarter. Finally, First Community Trust NA grew its stake in Tyson Foods by 58.0% in the second quarter. First Community Trust NA now owns 1,106 shares of the company's stock valued at $63,000 after acquiring an additional 406 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSN shares. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 price objective for the company. BMO Capital Markets raised their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, August 6th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $59.22.

Tyson Foods Stock Down 1.4 %

Shares of NYSE:TSN traded down $0.82 during mid-day trading on Tuesday, hitting $58.38. 2,934,049 shares of the company traded hands, compared to its average volume of 2,446,380. The stock has a 50-day moving average price of $61.21 and a two-hundred day moving average price of $59.70. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 12-month low of $45.13 and a 12-month high of $66.88. The stock has a market cap of $20.77 billion, a P/E ratio of -981.00, a P/E/G ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $13.35 billion for the quarter, compared to analysts' expectations of $13.21 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share 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 paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.36%. Tyson Foods's payout ratio is presently -3,266.67%.

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.