Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,436 shares of the company’s stock after selling 1,248 shares during the period. Trust Investment Advisors’ holdings in Tyson Foods were worth $830,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSN. Pzena Investment Management LLC purchased a new position in Tyson Foods in the third quarter valued at $274,707,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after acquiring an additional 4,669,457 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Tyson Foods by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after acquiring an additional 2,239,235 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Tyson Foods by 97.2% during the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock worth $214,627,000 after purchasing an additional 2,095,597 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Tyson Foods during the 3rd quarter worth $77,574,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Noel W. White sold 9,000 shares of the company’s 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 transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Price Performance

Shares of TSN stock traded up $0.29 during mid-day trading on Thursday, reaching $58.87. The stock had a trading volume of 1,423,648 shares, compared to its average volume of 2,872,962. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $52.32. The company has a market cap of $20.98 billion, a P/E ratio of -23.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. Tyson Foods’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSN. Stephens reiterated an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. The Goldman Sachs Group raised their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday. Finally, StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $58.80.

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.