Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Summit Securities Group LLC

Summit Securities Group LLC cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 41.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,700 shares of the company’s stock after selling 1,200 shares during the period. Summit Securities Group LLC’s holdings in Tyson Foods were worth $98,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSN. Riverview Trust Co raised its position in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the period. TCTC Holdings LLC raised its holdings in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after buying an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the fourth quarter valued at approximately $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $62.36 on Friday. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.74 and a beta of 0.72. The stock’s fifty day moving average is $59.11 and its two-hundred day moving average is $59.60. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TSN shares. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays cut their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.10.

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.