Stephens Inc. AR Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

Stephens Inc. AR lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,446 shares of the company's stock after selling 6,788 shares during the period. Stephens Inc. AR's holdings in Tyson Foods were worth $3,817,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its holdings in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock worth $1,160,000 after purchasing an additional 172 shares during the period. Signaturefd LLC lifted its holdings in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company's stock worth $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock worth $643,000 after purchasing an additional 184 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock valued at $2,908,000 after buying an additional 189 shares during the period. Finally, Empirical Finance LLC lifted its holdings in Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock valued at $593,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 25,080 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction 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. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 381,531 shares of company stock valued at $24,341,833 over the last three months. Corporate insiders own 2.03% of the company's stock.

Tyson Foods Stock Down 0.8 %

TSN traded down $0.47 during midday trading on Friday, hitting $57.10. The company had a trading volume of 3,151,524 shares, compared to its average volume of 2,428,615. Tyson Foods, Inc. has a 52 week low of $52.01 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.72 and a beta of 0.80. The stock's 50 day moving average price is $57.66 and its 200 day moving average price is $60.17.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 net margin of 1.96% and a return on equity of 6.87%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Finally, Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Ten 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 currently has a consensus rating of "Hold" and an average price target of $61.10.

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.