Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,764 shares of the company’s stock after selling 769 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Tyson Foods were worth $9,383,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after buying an additional 2,920,479 shares during the last quarter. Norges Bank acquired a new stake in shares of Tyson Foods in the fourth quarter worth about $89,286,000. Royal London Asset Management Ltd. increased its stake in shares of Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after purchasing an additional 1,465,139 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Tyson Foods by 14,668.0% in the first quarter. Assenagon Asset Management S.A. now owns 632,366 shares of the company’s stock worth $37,139,000 after purchasing an additional 628,084 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.2 %

NYSE:TSN traded up $0.13 during trading hours on Wednesday, hitting $56.04. 541,037 shares of the stock were exchanged, compared to its average volume of 2,692,592. The company’s 50 day moving average is $57.77 and its two-hundred day moving average is $56.49. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $20.01 billion, a P/E ratio of -31.38, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.6 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TSN shares. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. HSBC lifted their price objective on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday, May 7th. Bank of America dropped their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday. Citigroup lifted their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.00.

Tyson Foods Company 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.