Choreo LLC Trims Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Choreo LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,146 shares of the company’s stock after selling 413 shares during the quarter. Choreo LLC’s holdings in Tyson Foods were worth $1,442,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. lifted its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC lifted its position in shares of Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after buying an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Tyson Foods by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 in the last ninety days. 2.03% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

NYSE:TSN opened at $57.97 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The stock has a market cap of $20.63 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The firm’s fifty day simple moving average is $58.27 and its 200-day simple moving average is $60.24.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results 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. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 3.52 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens lifted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.10.

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.