First American Trust FSB Trims Stock Position in Tyson Foods, Inc. (NYSE:TSN)

First American Trust FSB trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 129,299 shares of the company’s stock after selling 594 shares during the period. First American Trust FSB’s holdings in Tyson Foods were worth $7,427,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in Tyson Foods during the fourth quarter worth about $348,000. CoreFirst Bank & Trust purchased a new stake in Tyson Foods in the 4th quarter worth approximately $115,000. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock worth $2,051,433,000 after purchasing an additional 325,361 shares during the period. LPL Financial LLC increased its holdings in shares of Tyson Foods by 2.1% during the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company’s stock valued at $12,003,000 after purchasing an additional 4,266 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in shares of Tyson Foods by 55.3% in the 4th quarter. Fox Run Management L.L.C. now owns 24,936 shares of the company’s stock valued at $1,432,000 after purchasing an additional 8,877 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN opened at $60.39 on Tuesday. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a market cap of $21.51 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.74 and a beta of 0.72. 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 company’s 50-day moving average price is $58.65 and its 200-day moving average price is $59.66.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $13.46 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSN shares. Stephens lifted 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 dropped their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $61.10.

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.