Legal & General Group Plc Has $129.45 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Legal & General Group Plc lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,253,653 shares of the company's stock after selling 422,337 shares during the period. Legal & General Group Plc owned 0.63% of Tyson Foods worth $129,450,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Tyson Foods in the fourth quarter worth approximately $175,086,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after buying an additional 551,530 shares during the last quarter. Barclays PLC boosted its holdings in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after acquiring an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 427,582 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Tyson Foods in the 4th quarter valued at about $22,059,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.2 %

Tyson Foods stock traded up $0.15 during midday trading on Wednesday, hitting $61.14. The stock had a trading volume of 226,226 shares, compared to its average volume of 2,311,753. 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 business has a fifty day moving average price of $60.22 and a 200 day moving average price of $59.60. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a market cap of $21.78 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping 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 firm 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 firm's revenue was up 2.3% on a year-over-year basis. Research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays reduced their price target 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. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. 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. Finally, UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Ten research 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, Tyson Foods has a consensus rating of "Hold" and a consensus price target of $61.00.

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.