First Horizon Advisors Inc. Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

First Horizon Advisors Inc. reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 47.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 917 shares of the company’s stock after selling 818 shares during the period. First Horizon Advisors Inc.’s holdings in Tyson Foods were worth $53,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TSN. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at $36,000. ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $42,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $53,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSN. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. 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 note on Tuesday, January 21st. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, 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 research note on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

NYSE:TSN opened at $61.01 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a fifty day moving average of $57.37 and a two-hundred day moving average of $60.03. The stock has a market capitalization of $21.73 billion, a PE ratio of 20.61, a P/E/G ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN) last posted 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 company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.69 earnings per share. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Tyson Foods Company 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.