Yacktman Asset Management LP Sells 222,012 Shares of Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,831,480 shares of the company's stock after selling 222,012 shares during the period. Tyson Foods comprises approximately 1.7% of Yacktman Asset Management LP's holdings, making the stock its 26th largest position. Yacktman Asset Management LP owned approximately 0.80% of Tyson Foods worth $168,643,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. Greenwood Capital Associates LLC bought a new position in Tyson Foods in the 3rd quarter worth $1,074,000. Catalyst Capital Advisors LLC increased its position in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after purchasing an additional 210 shares during the period. National Pension Service grew its position in shares of Tyson Foods by 30.6% in the 3rd quarter. National Pension Service now owns 643,482 shares of the company's stock worth $38,326,000 after buying an additional 150,754 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Tyson Foods during the third quarter worth about $179,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Tyson Foods by 149.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company's stock worth $25,124,000 after purchasing an additional 252,635 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. BMO Capital Markets increased their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Stock Performance

Shares of TSN traded up $0.94 during trading hours on Tuesday, reaching $59.26. 2,413,290 shares of the company traded hands, compared to its average volume of 2,437,588. The stock's fifty day moving average is $60.73 and its 200 day moving average is $59.71. 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 stock has a market cap of $21.09 billion, a P/E ratio of -976.00, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its 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. The company had revenue of $13.35 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share 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. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods's payout ratio is -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.