Palouse Capital Management Inc. Has $4.20 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Palouse Capital Management Inc. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 70,572 shares of the company’s stock after selling 2,296 shares during the quarter. Tyson Foods makes up 2.7% of Palouse Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Palouse Capital Management Inc.’s holdings in Tyson Foods were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of Tyson Foods during the 1st quarter valued at $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods during the 1st quarter worth about $42,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Mather Group LLC. acquired a new stake in shares of Tyson Foods in the 1st quarter worth about $49,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods during the second quarter valued at approximately $54,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock traded down $1.07 during mid-day trading on Monday, reaching $58.94. 453,215 shares of the company traded hands, compared to its average volume of 2,454,610. The firm’s fifty day moving average is $61.54 and its two-hundred day moving average is $59.71. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of -1,000.17, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week 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 released its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.33%. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America dropped their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price for the company. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.22.

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.