Tyson Foods, Inc. (NYSE:TSN) Position Reduced by Lincoln Capital Corp

Lincoln Capital Corp decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 26.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,242 shares of the company’s stock after selling 10,161 shares during the period. Lincoln Capital Corp’s holdings in Tyson Foods were worth $1,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. State Street Corp grew its position in Tyson Foods by 1.8% in the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock worth $1,304,785,000 after buying an additional 264,159 shares during the last quarter. Wellington Management Group LLP grew its position in Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after buying an additional 200,586 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Tyson Foods by 97.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after buying an additional 4,669,457 shares during the last quarter. Finally, FMR LLC grew its position in Tyson Foods by 16.1% during the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSN. Stephens reiterated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.60.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.64 on Wednesday, hitting $58.81. 2,798,294 shares of the company were exchanged, compared to its average volume of 3,045,117. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of -23.81, a PEG ratio of 0.46 and a beta of 0.76. The company’s 50 day moving average price is $54.61 and its two-hundred day moving average price is $51.62. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 2.35 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

About Tyson Foods

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.