Providence Capital Advisors LLC Reduces Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,000 shares of the company’s stock after selling 300 shares during the quarter. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $5,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Norges Bank purchased a new stake in Tyson Foods during the fourth quarter valued at about $175,086,000. State Street Corp boosted its holdings in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares during the last quarter. Barclays PLC grew its position in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after buying an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after purchasing an additional 427,582 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Tyson Foods during the fourth quarter valued at approximately $22,059,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $62.39 on Friday. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. 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 fifty-two week low of $53.61 and a fifty-two week high of $66.88. The business’s fifty day moving average price is $58.98 and its two-hundred day moving average price is $59.65.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend 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.