Poplar Forest Capital LLC Sells 127,343 Shares of Tyson Foods, Inc. (NYSE:TSN)

Poplar Forest Capital LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,129 shares of the company’s stock after selling 127,343 shares during the quarter. Tyson Foods accounts for 4.4% of Poplar Forest Capital LLC’s portfolio, making the stock its 5th biggest holding. Poplar Forest Capital LLC’s holdings in Tyson Foods were worth $30,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its stake in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Manchester Capital Management LLC increased its holdings in Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.6 %

TSN stock traded up $0.34 during midday trading on Wednesday, reaching $61.32. 1,205,811 shares of the company’s stock traded hands, compared to its average volume of 2,811,518. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The business has a 50-day moving average price of $56.65 and a two-hundred day moving average price of $52.74. The company has a market capitalization of $21.85 billion, a P/E ratio of -24.83, a PEG ratio of 0.48 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

Insider Activity

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research analyst reports. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup increased their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets lifted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $58.80.

Tyson Foods 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.