Wellington Management Group LLP Reduces Holdings in Tyson Foods, Inc. $TSN

Wellington Management Group LLP cut its position in Tyson Foods, Inc. (NYSE:TSN) by 24.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,305,108 shares of the company’s stock after selling 1,366,440 shares during the quarter. Wellington Management Group LLP’s holdings in Tyson Foods were worth $246,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. IFP Advisors Inc lifted its holdings in Tyson Foods by 10.3% in the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after buying an additional 157 shares in the last quarter. Groupama Asset Managment increased its position in shares of Tyson Foods by 1.3% during the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock worth $805,000 after acquiring an additional 159 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after acquiring an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Tyson Foods by 4.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after purchasing an additional 166 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.1%

Shares of Tyson Foods stock opened at $55.43 on Monday. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 1.85 and a beta of 0.40. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $57.97 and its 200-day simple moving average is $61.10.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.7%. Tyson Foods’s dividend payout ratio is 125.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HSBC reduced their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Bank of America reduced their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.67.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.