Tyson Foods, Inc. (NYSE:TSN) Stock Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 900,733 shares of the company's stock after selling 239,576 shares during the quarter. JPMorgan Chase & Co. owned about 0.25% of Tyson Foods worth $51,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Riverview Trust Co raised its stake in Tyson Foods by 3,423.1% during the 4th 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 raised its stake in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings 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 purchasing an additional 229 shares during the period. TCTC Holdings LLC grew its position in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth about $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 5.8 %

NYSE TSN opened at $59.85 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm's fifty day simple moving average is $59.77 and its 200-day simple moving average is $59.63. The company has a market capitalization of $21.32 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

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Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Analyst Ratings Changes

Several research firms have recently issued reports on TSN. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has an average 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.

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