Stephens Inc. AR Reduces Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Stephens Inc. AR decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 66,446 shares of the company’s stock after selling 6,788 shares during the period. Stephens Inc. AR’s holdings in Tyson Foods were worth $3,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Entropy Technologies LP purchased a new stake in Tyson Foods during the fourth quarter worth $1,517,000. Empowered Funds LLC boosted its position in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after buying an additional 18,059 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Tyson Foods in the 4th quarter valued at about $368,000. Kingsview Wealth Management LLC increased its holdings in Tyson Foods by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company’s stock valued at $311,000 after acquiring an additional 376 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in Tyson Foods during the fourth quarter worth about $228,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.4 %

NYSE TSN opened at $57.69 on Tuesday. The company has a 50-day moving average of $58.14 and a 200-day moving average of $60.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The company has a market cap of $20.55 billion, a P/E ratio of 19.49, a P/E/G ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last posted 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. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last three months. 2.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TSN has been the topic of several research reports. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten research 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.com, Tyson Foods currently 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.