Tyson Foods, Inc. (NYSE:TSN) Holdings Cut by Cetera Investment Advisers

Cetera Investment Advisers decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,710 shares of the company’s stock after selling 35,342 shares during the quarter. Cetera Investment Advisers’ holdings in Tyson Foods were worth $2,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co lifted its position in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares in the last quarter. Ossiam lifted its position in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after buying an additional 184 shares in the last quarter. Finally, TCTC Holdings LLC increased its stake in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE:TSN opened at $56.08 on Friday. 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 $59.76 and its 200 day simple moving average is $59.53. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $19.98 billion, a PE ratio of 18.94, a PEG ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.57%. Tyson Foods’s dividend payout ratio is 77.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently 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. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Stephens dropped their price target on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Finally, StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $62.63.

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.