Trust Investment Advisors Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

Trust Investment Advisors lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,436 shares of the company’s stock after selling 1,248 shares during the quarter. Trust Investment Advisors’ holdings in Tyson Foods were worth $830,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSN. Xponance Inc. boosted its holdings in shares of Tyson Foods by 16.2% in the fourth quarter. Xponance Inc. now owns 78,922 shares of the company’s stock worth $4,242,000 after buying an additional 10,986 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Tyson Foods by 6.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,876 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,503 shares in the last quarter. River Road Asset Management LLC bought a new position in Tyson Foods in the 4th quarter worth $3,550,000. Stone House Investment Management LLC purchased a new position in Tyson Foods during the fourth quarter valued at $40,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tyson Foods by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock valued at $6,293,000 after purchasing an additional 7,921 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSN shares. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Stephens restated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. Citigroup lifted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a research note on Tuesday. Finally, Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $58.80.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.05% of the stock is currently owned by insiders.

Tyson Foods Price Performance

Tyson Foods stock traded up $0.29 during midday trading on Thursday, reaching $58.87. 1,423,648 shares of the stock traded hands, compared to its average volume of 2,872,962. The stock has a market cap of $20.98 billion, a P/E ratio of -23.83, a PEG ratio of 0.46 and a beta of 0.77. The stock’s fifty day moving average is $55.87 and its 200-day moving average is $52.32. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28.

Tyson Foods (NYSE:TSN) last posted 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. The firm had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis 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%.

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.