Wakefield Asset Management LLLP Has $398,000 Stock Position in Tyson Foods, Inc. $TSN

Wakefield Asset Management LLLP lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 89.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,333 shares of the company’s stock after selling 60,107 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Tyson Foods were worth $398,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TSN. Harbor Capital Advisors Inc. boosted its holdings in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares during the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods during the 3rd quarter worth about $28,000. MTM Investment Management LLC acquired a new position in Tyson Foods during the 2nd quarter valued at about $36,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Tyson Foods by 89.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.7%

Shares of NYSE:TSN opened at $60.26 on Wednesday. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 107.61, a PEG ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The company’s fifty day simple moving average is $62.16 and its 200 day simple moving average is $57.57. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Tyson Foods’s dividend payout ratio is 364.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSN. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their target price on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Company Profile

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.