HighTower Advisors LLC Has $1.27 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

HighTower Advisors LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,078 shares of the company’s stock after selling 2,121 shares during the quarter. HighTower Advisors LLC’s holdings in Tyson Foods were worth $1,268,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after purchasing an additional 87,054 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Tyson Foods by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock valued at $141,115,000 after buying an additional 98,799 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TSN shares. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. 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. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Down 0.7 %

Shares of NYSE:TSN opened at $59.93 on Wednesday. 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 stock has a market capitalization of $21.35 billion, a PE ratio of 20.25, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The firm has a fifty day moving average price of $58.74 and a 200 day moving average price of $59.62.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

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