Greenwood Capital Associates LLC Sells 358 Shares of Tyson Foods, Inc. (NYSE:TSN)

Greenwood Capital Associates LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,679 shares of the company’s stock after selling 358 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Tyson Foods were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Tyson Foods by 56.1% in the 3rd 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 last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the 3rd quarter valued at about $36,000. ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the 4th quarter valued at about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the topic of several analyst reports. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $57.03 on Wednesday. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock’s fifty day moving average price is $58.70 and its two-hundred day moving average price is $60.30. The firm has a market cap of $20.29 billion, a PE ratio of 25.34, a PEG ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.52 EPS for the current year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, February 28th. Tyson Foods’s payout ratio is currently 88.89%.

Insider Buying and Selling at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 in the last 90 days. 2.03% of the stock is currently owned by company insiders.

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.