Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,640,794 shares of the company's stock after selling 161,859 shares during the period. Royal London Asset Management Ltd. owned 0.74% of Tyson Foods worth $151,687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co lifted its position in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Wall Street Analysts Forecast Growth

TSN has been the topic of a number of analyst reports. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens increased their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Citigroup dropped their price objective 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. Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Down 0.1 %

Shares of NYSE:TSN traded down $0.04 during midday trading on Monday, hitting $60.39. 2,453,495 shares of the company's stock traded hands, compared to its average volume of 2,152,183. The firm's fifty day moving average price is $58.55 and its two-hundred day moving average price is $59.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a market cap of $21.51 billion, a PE ratio of 20.40, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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 business had revenue of $13.62 billion during 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 company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods's dividend payout ratio (DPR) is presently 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.