Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Davis Selected Advisers

Davis Selected Advisers trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,080,686 shares of the company's stock after selling 30,891 shares during the period. Tyson Foods comprises 1.0% of Davis Selected Advisers' investment portfolio, making the stock its 23rd largest position. Davis Selected Advisers owned 0.87% of Tyson Foods worth $176,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Riverview Trust Co raised its stake 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 period. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after buying an additional 210 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter worth $36,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN traded down $1.19 during midday trading on Wednesday, hitting $60.12. 2,903,178 shares of the stock traded hands, compared to its average volume of 2,531,825. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm has a market capitalization of $21.41 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. 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 business's 50 day moving average price is $57.92 and its two-hundred day moving average price is $59.94.

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

Tyson Foods Announces Dividend

The business 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 3.33%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is currently 67.57%.

About Tyson Foods

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.