Toronto Dominion Bank Sells 74,289 Shares of Tyson Foods, Inc. (NYSE:TSN)

Toronto Dominion Bank lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,318 shares of the company’s stock after selling 74,289 shares during the period. Toronto Dominion Bank’s holdings in Tyson Foods were worth $4,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSN. Price T Rowe Associates Inc. MD boosted its holdings in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares during the period. Wellington Management Group LLP grew its position in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after buying an additional 606,518 shares in the last quarter. Capital Research Global Investors raised its holdings in Tyson Foods by 153.2% in the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after acquiring an additional 2,920,479 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after purchasing an additional 1,465,139 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.6 %

Shares of NYSE:TSN opened at $59.69 on Monday. The business’s 50 day simple moving average is $62.06 and its 200 day simple moving average is $59.56. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 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. The company has a market capitalization of $21.31 billion, a P/E ratio of -33.53, a P/E/G ratio of 0.42 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed 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. This represents a $1.96 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analyst Ratings Changes

TSN has been the subject of several recent research reports. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Bank of America reduced their price target 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. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.67.

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.