Sei Investments Co. Lowers Holdings in Tyson Foods, Inc. (NYSE:TSN)

Sei Investments Co. trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 94,818 shares of the company's stock after selling 105,474 shares during the quarter. Sei Investments Co.'s holdings in Tyson Foods were worth $5,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co boosted its stake in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in 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 valued at $34,000 after buying an additional 570 shares during the period. SRS Capital Advisors Inc. lifted 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 acquiring an additional 229 shares during the period. TCTC Holdings LLC boosted its holdings in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after acquiring an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $42,000. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSN. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten equities research 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 a consensus rating of "Hold" and a consensus target price of $61.10.

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Tyson Foods Stock Up 1.1 %

Shares of NYSE TSN traded up $0.70 during trading on Thursday, hitting $63.45. The stock had a trading volume of 2,594,762 shares, compared to its average volume of 2,296,989. The firm has a fifty day moving average of $59.55 and a two-hundred day moving average of $59.64. The company has a market capitalization of $22.60 billion, a PE ratio of 21.44, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend 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.