SG Americas Securities LLC Sells 26,407 Shares of Tyson Foods, Inc. (NYSE:TSN)

SG Americas Securities LLC decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 79.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,697 shares of the company's stock after selling 26,407 shares during the quarter. SG Americas Securities LLC's holdings in Tyson Foods were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after acquiring an additional 352,863 shares during the period. Mizuho Securities USA LLC grew its stake in shares of Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock valued at $8,114,000 after acquiring an additional 114,179 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Tyson Foods in the 4th quarter worth about $775,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Tyson Foods during the 3rd quarter worth approximately $1,036,000. Finally, The Manufacturers Life Insurance Company increased its stake in Tyson Foods by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company's stock worth $27,790,000 after acquiring an additional 18,317 shares during the period. Institutional investors own 67.00% of the company's stock.

Insider Activity at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wes Morris sold 25,080 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now directly owns 10,625 shares of the company's stock, valued at $687,543.75. This trade represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last quarter. Company insiders own 2.03% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSN shares. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday. Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Trading Up 1.0 %

Shares of TSN traded up $0.55 during mid-day trading on Friday, reaching $57.97. 1,660,786 shares of the company were exchanged, compared to its average volume of 2,424,881. The business has a 50 day simple moving average of $58.27 and a two-hundred day simple moving average of $60.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a market capitalization of $20.63 billion, a PE ratio of 25.76, a PEG ratio of 0.85 and a beta of 0.80. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Tyson Foods, Inc. will post 3.52 earnings per share for the current fiscal 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 issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. Tyson Foods's 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.