Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 38.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,135 shares of the company’s stock after selling 1,928 shares during the quarter. Blue Trust Inc.’s holdings in Tyson Foods were worth $180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. JPMorgan Chase & Co. lifted its stake in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC increased its stake in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after buying an additional 18,059 shares during the period. Mizuho Securities USA LLC increased its stake in Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Tyson Foods during the 4th quarter worth $775,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Up 2.7 %

NYSE TSN opened at $59.16 on Friday. The stock has a market cap of $21.07 billion, a PE ratio of 19.99, a P/E/G ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The business has a 50 day moving average price of $57.22 and a two-hundred day moving average price of $60.06. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Tyson Foods Company 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.