Sterling Capital Management LLC Increases Position in Tyson Foods, Inc. (NYSE:TSN)

Sterling Capital Management LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 50.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,702 shares of the company's stock after purchasing an additional 5,973 shares during the period. Sterling Capital Management LLC's holdings in Tyson Foods were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds 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 grew its position in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in 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 buying an additional 229 shares during the last quarter. TCTC Holdings LLC raised its position in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth approximately $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSN. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Stock Performance

NYSE:TSN traded up $0.51 during midday trading on Friday, hitting $61.17. The company's stock had a trading volume of 2,520,398 shares, compared to its average volume of 2,326,085. 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 fifty-two week low of $53.61 and a fifty-two week high of $66.88. The firm's 50 day moving average is $60.39 and its 200-day moving average is $59.63. The firm has a market cap of $21.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The business 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 company's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share 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. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Tyson Foods 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.