Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 510 shares of the company’s stock after selling 206 shares during the quarter. Lindbrook Capital LLC’s holdings in Tyson Foods were worth $27,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC increased its holdings in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Stone House Investment Management LLC acquired a new position in shares of Tyson Foods in the 4th quarter valued at $40,000. Finally, Montag A & Associates Inc. acquired a new position in Tyson Foods in the 3rd quarter valued at $39,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. The Goldman Sachs Group boosted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. One 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.80.

Tyson Foods Price Performance

Tyson Foods stock opened at $60.64 on Friday. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $56.97 and its 200 day simple moving average is $52.89.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio is presently -79.35%.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

About Tyson Foods

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.