US Bancorp DE Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

US Bancorp DE trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,972 shares of the company’s stock after selling 550 shares during the period. US Bancorp DE’s holdings in Tyson Foods were worth $975,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Tyson Foods by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock valued at $251,000 after buying an additional 232 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Tyson Foods by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock valued at $21,962,000 after acquiring an additional 13,066 shares during the period. CWA Asset Management Group LLC purchased a new stake in Tyson Foods in the 3rd quarter valued at $1,198,000. Assetmark Inc. boosted its stake in Tyson Foods by 2.5% during the 3rd quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after purchasing an additional 9,526 shares during the period. Finally, Atria Investments Inc boosted its stake in Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after purchasing an additional 3,782 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE TSN opened at $61.30 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 1-year low of $53.59 and a 1-year high of $66.88. The firm has a market capitalization of $21.84 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.74 and a beta of 0.72. The business’s 50-day simple moving average is $57.74 and its 200-day simple moving average is $59.96.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the previous year, the company posted $0.69 earnings per share. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on TSN. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.10.

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.