Pacer Advisors Inc. Sells 20,732 Shares of Tyson Foods, Inc. $TSN

Pacer Advisors Inc. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 43.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,280 shares of the company’s stock after selling 20,732 shares during the quarter. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $1,748,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Tyson Foods during the fourth quarter valued at approximately $308,297,000. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $165,220,000. Pzena Investment Management LLC boosted its stake in Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after buying an additional 1,720,009 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $57.98 on Friday. The company has a market cap of $20.42 billion, a PE ratio of 35.79, a PEG ratio of 1.24 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The company’s 50-day moving average is $57.92 and its two-hundred day moving average is $61.80.

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

Tyson Foods Announces Dividend

The firm 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 dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s payout ratio is presently 125.93%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSN. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Sanford C. Bernstein decreased their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Bank of America decreased their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $70.67.

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.