Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 44.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,783,880 shares of the company’s stock after selling 2,211,207 shares during the quarter. Victory Capital Management Inc. owned 0.78% of Tyson Foods worth $149,634,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TSN. Simplicity Solutions LLC increased its position in shares of Tyson Foods by 7.6% during the 3rd quarter. Simplicity Solutions LLC now owns 6,199 shares of the company’s stock valued at $313,000 after purchasing an additional 439 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Tyson Foods by 6.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 80,797 shares of the company’s stock valued at $4,079,000 after purchasing an additional 5,100 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Tyson Foods by 1.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock valued at $3,271,000 after purchasing an additional 1,068 shares during the period. Xponance Inc. increased its position in shares of Tyson Foods by 82.3% during the 3rd quarter. Xponance Inc. now owns 67,936 shares of the company’s stock valued at $3,430,000 after purchasing an additional 30,672 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in shares of Tyson Foods by 9.1% in the 3rd quarter. Tectonic Advisors LLC now owns 12,954 shares of the company’s stock worth $654,000 after acquiring an additional 1,079 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares of the company’s stock, valued at $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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group lifted their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Stephens restated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average target price of $58.80.

Tyson Foods Price Performance

TSN opened at $60.27 on Thursday. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 0.48 and a beta of 0.73. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $62.13. 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 stock has a fifty day moving average price of $57.39 and a 200 day moving average price of $53.20.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company 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 dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.25%. Tyson Foods’s payout ratio is -79.35%.

Tyson Foods Profile

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.