Brandywine Global Investment Management LLC Has $68.99 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Brandywine Global Investment Management LLC reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,201,073 shares of the company's stock after selling 110,527 shares during the period. Brandywine Global Investment Management LLC owned about 0.34% of Tyson Foods worth $68,990,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co grew its holdings in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its stake in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the 4th quarter valued at about $42,000. 67.00% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms recently issued reports on TSN. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $61.10.

Tyson Foods Stock Performance

TSN stock traded down $0.74 during midday trading on Tuesday, hitting $63.07. 2,630,024 shares of the company traded hands, compared to its average volume of 2,306,533. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $59.28 and a 200-day simple moving average of $59.60.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the business posted $0.69 EPS. Tyson Foods's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

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.