Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Everstar Asset Management LLC

Everstar Asset Management LLC cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,073 shares of the company’s stock after selling 2,980 shares during the quarter. Everstar Asset Management LLC’s holdings in Tyson Foods were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after purchasing an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Tyson Foods by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock valued at $1,131,000 after purchasing an additional 210 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSN. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note 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 for the company in a research report on Tuesday, January 21st. Finally, UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

TSN stock opened at $62.36 on Monday. The stock has a 50-day moving average price of $59.11 and a two-hundred day moving average price of $59.59. The company has a market cap of $22.21 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.21%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

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.