Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 313,720 shares of the company’s stock after selling 103,529 shares during the period. Alliancebernstein L.P. owned 0.09% of Tyson Foods worth $18,020,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after purchasing an additional 184 shares during the period. Naples Global Advisors LLC raised its holdings in shares of Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after purchasing an additional 202 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Tyson Foods by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock valued at $1,131,000 after purchasing an additional 210 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSN. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup lowered their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Price Performance

TSN stock opened at $58.19 on Tuesday. The stock’s 50 day moving average is $59.77 and its two-hundred day moving average is $59.59. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a market capitalization of $20.73 billion, a PE ratio of 19.66, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

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.