SG Americas Securities LLC Decreases Position in Tyson Foods, Inc. $TSN

SG Americas Securities LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 28.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 371,431 shares of the company’s stock after selling 145,536 shares during the period. SG Americas Securities LLC’s holdings in Tyson Foods were worth $23,798,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP increased 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 purchasing an additional 7,011 shares in the last quarter. Focus Partners Wealth raised its stake in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Tyson Foods by 129.2% in the 2nd quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after purchasing an additional 48,451 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $57.86 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The stock’s fifty day moving average is $62.37 and its two-hundred day moving average is $61.81. The firm has a market capitalization of $20.37 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 4.16 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Stephens boosted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.20.

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.