Fmr LLC Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

FMR LLC lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,947,817 shares of the company's stock after selling 1,988,491 shares during the period. FMR LLC owned approximately 1.67% of Tyson Foods worth $341,643,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSN. Norges Bank acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $175,086,000. Arrowstreet Capital Limited Partnership grew its stake in Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after acquiring an additional 551,530 shares during the period. Barclays PLC grew its stake in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after acquiring an additional 446,648 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Tyson Foods during the fourth quarter worth approximately $22,059,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

NYSE:TSN traded up $0.15 during trading on Wednesday, reaching $61.14. The company's stock had a trading volume of 226,226 shares, compared to its average volume of 2,478,727. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The firm has a 50 day moving average of $60.22 and a 200-day moving average of $59.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data 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. 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 firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.27%. Tyson Foods's payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. 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. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays lowered their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $61.00.

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.