Man Group plc Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Man Group plc trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 71.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,492 shares of the company’s stock after selling 1,722,938 shares during the quarter. Man Group plc owned about 0.19% of Tyson Foods worth $39,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $109,000 after purchasing an additional 173 shares in the last quarter. Syon Capital LLC boosted its holdings in Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock valued at $205,000 after purchasing an additional 174 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in 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. Norinchukin Bank The boosted its holdings in Tyson Foods by 1.7% in the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock valued at $632,000 after purchasing an additional 184 shares in the last quarter. Finally, Ossiam boosted its holdings in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 184 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Tyson Foods stock opened at $54.58 on Thursday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The business has a 50 day simple moving average of $59.99 and a 200-day simple moving average of $59.57. The stock has a market capitalization of $19.44 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Tyson Foods’s revenue was up .0% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, August 29th. Tyson Foods’s payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSN shares. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Stephens decreased their price objective on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Hsbc Global Res raised 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 one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.63.

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.