Icon Advisers Inc. Co. Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Icon Advisers Inc. Co. decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,100 shares of the company's stock after selling 10,300 shares during the period. Icon Advisers Inc. Co.'s holdings in Tyson Foods were worth $982,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC raised its stake in shares of Tyson Foods by 15.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company's stock worth $1,070,000 after buying an additional 2,349 shares during the period. MML Investors Services LLC raised its position in Tyson Foods by 10.0% during the third quarter. MML Investors Services LLC now owns 28,657 shares of the company's stock worth $1,707,000 after acquiring an additional 2,616 shares during the period. Barclays PLC lifted its holdings in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. M&T Bank Corp grew its position in shares of Tyson Foods by 14.6% in the third quarter. M&T Bank Corp now owns 23,881 shares of the company's stock valued at $1,422,000 after purchasing an additional 3,049 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Tyson Foods during the third quarter worth about $373,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.8 %

TSN traded up $0.51 on Friday, hitting $61.17. The company had a trading volume of 2,520,398 shares, compared to its average volume of 2,322,894. 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 $21.79 billion, a P/E ratio of 20.66, a PEG ratio of 0.74 and a beta of 0.62. The company's fifty day moving average price is $60.34 and its 200 day moving average price is $59.62. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced 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. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. Tyson Foods's dividend payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research analyst reports. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Stephens increased 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 report on Tuesday, February 4th. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Finally, Citigroup lifted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine 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.com, the stock has an average rating of "Hold" and an average target price of $61.78.

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.