First Horizon Advisors Inc. Sells 2,034 Shares of Tyson Foods, Inc. (NYSE:TSN)

First Horizon Advisors Inc. cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 37.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,345 shares of the company’s stock after selling 2,034 shares during the period. First Horizon Advisors Inc.’s holdings in Tyson Foods were worth $180,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in Tyson Foods by 18.6% during the fourth quarter. Fisher Asset Management LLC now owns 48,507 shares of the company’s stock valued at $2,607,000 after purchasing an additional 7,623 shares during the period. Triumph Capital Management lifted its position in Tyson Foods by 30.0% in the fourth quarter. Triumph Capital Management now owns 30,194 shares of the company’s stock worth $1,623,000 after buying an additional 6,963 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Tyson Foods by 1.4% during the fourth quarter. Hexagon Capital Partners LLC now owns 41,774 shares of the company’s stock worth $2,245,000 after buying an additional 560 shares during the period. Mach 1 Financial Group LLC bought a new position in Tyson Foods during the fourth quarter valued at $263,000. Finally, Gibraltar Capital Management Inc. raised its stake in shares of Tyson Foods by 8.9% in the fourth quarter. Gibraltar Capital Management Inc. now owns 14,059 shares of the company’s stock valued at $756,000 after acquiring an additional 1,148 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 1.8 %

Tyson Foods stock opened at $62.02 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $22.10 billion, a P/E ratio of -25.11, a P/E/G ratio of 0.49 and a beta of 0.74. The business has a fifty day moving average of $57.71 and a two-hundred day moving average of $53.45. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group boosted their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Piper Sandler increased their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, Stephens reissued an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.80.

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.