Bank of New York Mellon Corp Sells 118,126 Shares of Tyson Foods, Inc. (NYSE:TSN)

Bank of New York Mellon Corp lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,676,049 shares of the company’s stock after selling 118,126 shares during the quarter. Bank of New York Mellon Corp owned about 1.03% of Tyson Foods worth $210,049,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Tyson Foods by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after acquiring an additional 337 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 8.2% during the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after acquiring an additional 446,904 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position 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 valued at $606,000 after acquiring an additional 5,175 shares during the last quarter. Cetera Advisors LLC lifted its position in Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after buying an additional 11,425 shares during the last quarter. Finally, Eisler Capital UK Ltd. bought a new stake in Tyson Foods in the 4th quarter worth approximately $1,399,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSN shares. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. HSBC boosted their target price on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 7th. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Barclays boosted their price objective on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Trading Up 1.1 %

Shares of TSN traded up $0.67 during mid-day trading on Monday, hitting $64.13. 1,950,144 shares of the company’s stock traded hands, compared to its average volume of 2,574,617. 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 1 year low of $44.94 and a 1 year high of $64.32. The firm has a market capitalization of $22.89 billion, a P/E ratio of -35.80, a PEG ratio of 0.44 and a beta of 0.74. The business’s 50-day moving average price is $59.27 and its 200-day moving average price is $57.96.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.06%. Tyson Foods’s payout ratio is -110.11%.

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.