Great Lakes Advisors LLC Has $45.59 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Great Lakes Advisors LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 797,942 shares of the company’s stock after selling 17,655 shares during the period. Great Lakes Advisors LLC owned approximately 0.22% of Tyson Foods worth $45,594,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. First Financial Corp IN bought a new stake in shares of Tyson Foods in the first quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in Tyson Foods during the 1st quarter worth approximately $42,000. Lindbrook Capital LLC lifted its stake in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods during the second quarter worth $54,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN stock traded up $0.74 during trading hours on Friday, reaching $65.87. The stock had a trading volume of 3,443,335 shares, compared to its average volume of 2,562,758. The stock has a 50-day simple moving average of $60.97 and a 200 day simple moving average of $58.73. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.27. The stock has a market capitalization of $23.44 billion, a PE ratio of -37.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the company posted $0.15 earnings per share. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSN shares. JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Barclays lifted their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.00.

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.