Oppenheimer Asset Management Inc. Has $16 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. trimmed its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,502 shares of the company's stock after selling 5,882 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Tyson Foods worth $15,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC boosted its stake in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter worth about $775,000. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Tyson Foods Stock Up 0.7 %

Shares of NYSE:TSN traded up $0.41 during midday trading on Monday, hitting $61.75. The stock had a trading volume of 2,304,488 shares, compared to its average volume of 2,509,061. 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's 50-day simple moving average is $57.43 and its 200-day simple moving average is $60.02. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The company has a market cap of $21.99 billion, a P/E ratio of 20.86, a PEG ratio of 0.74 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same period last year, the firm posted $0.69 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Tyson Foods Company 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.