Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 29.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,645 shares of the company’s stock after selling 8,926 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Tyson Foods were worth $1,289,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TSN. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 79.2% in the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after buying an additional 4,662,332 shares during the last quarter. Davis Selected Advisers purchased a new position in Tyson Foods during the second quarter worth approximately $177,439,000. Jupiter Asset Management Ltd. purchased a new position in Tyson Foods during the second quarter worth approximately $29,537,000. Van ECK Associates Corp boosted its position in Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Tyson Foods by 138.7% during the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSN shares. BMO Capital Markets raised their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Stephens started coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price on the stock. Finally, Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Trading Down 0.0 %

NYSE:TSN opened at $58.88 on Thursday. The stock has a 50-day simple moving average of $61.41 and a 200-day simple moving average of $59.70. The stock has a market cap of $21.02 billion, a P/E ratio of -33.08, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 1 year low of $45.08 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN) last released 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. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.