PNC Financial Services Group Inc. Has $2.75 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

PNC Financial Services Group Inc. lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,821 shares of the company’s stock after selling 1,008 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co lifted its holdings in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group raised its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the fourth quarter worth $42,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $59.87 on Friday. 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 firm has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $59.91. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a market capitalization of $21.33 billion, a PE ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.34%. Tyson Foods’s dividend payout ratio is 67.57%.

Analysts Set New Price Targets

TSN has been the topic of several research reports. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Barclays dropped their target price on 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 target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to 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.