Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 216,055 shares of the company’s stock after selling 53,400 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.06% of Tyson Foods worth $12,410,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after acquiring an additional 325,361 shares during the period. Geode Capital Management LLC raised its stake in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after purchasing an additional 178,785 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Norges Bank acquired a new stake in shares of Tyson Foods in the fourth quarter worth $175,086,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tyson Foods by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock valued at $141,115,000 after buying an additional 98,799 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 1.4 %

Shares of NYSE:TSN opened at $60.58 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $21.58 billion, a PE ratio of 20.47, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The firm has a fifty day moving average price of $60.76 and a 200 day moving average price of $59.75.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the company posted $0.69 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.78.

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.