Barrow Hanley Mewhinney & Strauss LLC Cuts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,557 shares of the company's stock after selling 6,251 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.07% of Tyson Foods worth $15,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TSN. EverSource Wealth Advisors LLC raised its position in Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after purchasing an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in 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 acquiring an additional 184 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after acquiring an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Tyson Foods by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock valued at $1,131,000 after purchasing an additional 210 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Remove Ads

Analyst Ratings Changes

TSN has been the subject of a number of research reports. Citigroup dropped their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens lifted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. UBS Group started 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 for the company. Finally, Barclays cut their price target 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $61.10.

Tyson Foods Stock Down 1.2 %

TSN traded down $0.74 during midday trading on Tuesday, hitting $63.07. The company had a trading volume of 2,630,024 shares, compared to its average volume of 2,306,533. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 0.74 and a beta of 0.72. The stock's 50 day moving average price is $59.41 and its 200 day moving average price is $59.61. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results 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. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. 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. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.17%. Tyson Foods's dividend payout ratio is presently 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.