Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,344,804 shares of the company's stock after selling 92,780 shares during the quarter. Capital Research Global Investors owned approximately 0.38% of Tyson Foods worth $77,246,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Tyson Foods in the 4th quarter valued at approximately $175,086,000. Arrowstreet Capital Limited Partnership increased its stake in Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after purchasing an additional 551,530 shares in the last quarter. Barclays PLC raised its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after buying an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 worth $190,454,000 after buying an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter valued at $22,059,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of TSN traded down $0.84 during trading hours on Friday, hitting $60.58. The stock had a trading volume of 1,462,882 shares, compared to its average volume of 2,334,845. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a 50-day moving average price of $60.76 and a 200 day moving average price of $59.72. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) 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. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSN shares. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $61.78.

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.