Barclays PLC Reduces Holdings in Tyson Foods, Inc. (NYSE:TSN)

Barclays PLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 973,071 shares of the company's stock after selling 149,214 shares during the period. Barclays PLC owned about 0.27% of Tyson Foods worth $55,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Tyson Foods in the 4th quarter worth approximately $175,086,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after acquiring an additional 551,530 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tyson Foods by 14.8% during 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 acquiring an additional 427,582 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Tyson Foods in the 4th quarter worth about $22,059,000. Finally, JPMorgan Chase & Co. boosted its stake in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 1.1 %

Shares of TSN traded up $0.69 during trading hours on Tuesday, reaching $61.48. 114,564 shares of the company traded hands, compared to its average volume of 2,458,628. The stock's fifty day moving average price is $60.45 and its 200 day moving average price is $59.66. 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 firm has a market cap of $21.90 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

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

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 3.25%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of recent analyst reports. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.78.

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.