National Pension Service Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

National Pension Service cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 629,663 shares of the company’s stock after selling 13,819 shares during the quarter. National Pension Service owned approximately 0.18% of Tyson Foods worth $36,168,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Brooklyn Investment Group raised its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the third quarter worth about $36,000. ST Germain D J Co. Inc. bought a new position in Tyson Foods in the fourth quarter worth about $42,000. Finally, Fiduciary Advisors Inc. bought a new position in Tyson Foods in the fourth quarter worth about $53,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $61.35 on Friday. Tyson Foods, Inc. has a twelve month low of $52.11 and a twelve month high of $66.88. The company’s 50 day moving average is $57.43 and its 200 day moving average is $60.04. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $21.85 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company earned $0.69 EPS. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.26%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. 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. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup cut their price objective 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. 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 report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $61.10.

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.