Merit Financial Group LLC Sells 12,594 Shares of Tyson Foods, Inc. $TSN

Merit Financial Group LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 26.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,914 shares of the company’s stock after selling 12,594 shares during the quarter. Merit Financial Group LLC’s holdings in Tyson Foods were worth $1,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after purchasing an additional 3,788 shares during the period. Woodline Partners LP boosted its holdings in Tyson Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after buying an additional 7,011 shares during the period. Focus Partners Wealth increased its stake in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after buying an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after buying an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after acquiring an additional 48,451 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.0%

Shares of Tyson Foods stock opened at $55.87 on Thursday. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.21 and a beta of 0.40. The business has a 50-day moving average price of $57.78 and a 200-day moving average price of $61.73. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s payout ratio is presently 125.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSN. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Piper Sandler reissued an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.67.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.