Dynamic Advisor Solutions LLC Sells 272 Shares of Tyson Foods, Inc. (NYSE:TSN)

Dynamic Advisor Solutions LLC reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,384 shares of the company’s stock after selling 272 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Tyson Foods were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Retirement Systems of Alabama increased its holdings in Tyson Foods by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock worth $3,712,000 after purchasing an additional 337 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tyson Foods by 100.7% in 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 in the last quarter. Cetera Advisors LLC boosted its position in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after acquiring an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after purchasing an additional 1,841 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

NYSE:TSN opened at $58.19 on Friday. The company has a market cap of $20.77 billion, a P/E ratio of -32.69, a P/E/G ratio of 0.34 and a beta of 0.78. The firm’s fifty day moving average price is $61.82 and its two-hundred day moving average price is $59.63. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. 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 issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same period last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm 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 is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets raised their price target 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. JPMorgan Chase & Co. upped their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stephens assumed coverage on Tyson Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Finally, Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.00.

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.