Tyson Foods, Inc. $TSN Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 54.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,636 shares of the company’s stock after selling 30,338 shares during the period. Jefferies Financial Group Inc.’s holdings in Tyson Foods were worth $1,503,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Tyson Foods by 15.6% during the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after buying an additional 3,788 shares during the period. Woodline Partners LP boosted its position in shares of Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after buying an additional 7,011 shares during the period. Focus Partners Wealth boosted its position in shares of Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after buying an additional 5,749 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after buying an additional 3,702 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after buying an additional 48,451 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TSN shares. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $68.27.

Tyson Foods Stock Up 1.4%

Tyson Foods stock opened at $66.06 on Thursday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The stock’s fifty day simple moving average is $64.55 and its 200-day simple moving average is $61.51. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $23.26 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.34 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. Tyson Foods’s payout ratio is currently 160.63%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.