Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Cutler Capital Management LLC

Cutler Capital Management LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,251 shares of the company’s stock after selling 850 shares during the quarter. Cutler Capital Management LLC’s holdings in Tyson Foods were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quantinno Capital Management LP grew its stake in shares of Tyson Foods by 110.0% in the third quarter. Quantinno Capital Management LP now owns 27,937 shares of the company’s stock worth $1,664,000 after purchasing an additional 14,636 shares in the last quarter. Stifel Financial Corp grew its position in Tyson Foods by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 168,768 shares of the company’s stock valued at $10,052,000 after buying an additional 6,283 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Tyson Foods during the 3rd quarter valued at about $427,000. Orion Portfolio Solutions LLC raised its position in shares of Tyson Foods by 15.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company’s stock worth $1,070,000 after buying an additional 2,349 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Tyson Foods by 10.0% in the 3rd quarter. MML Investors Services LLC now owns 28,657 shares of the company’s stock worth $1,707,000 after acquiring an additional 2,616 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.9 %

NYSE:TSN opened at $57.69 on Wednesday. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.74 and a beta of 0.62. 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 business’s fifty day moving average price is $59.82 and its 200 day moving average price is $59.56.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given 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 yield of 3.47%. Tyson Foods’s payout ratio is 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. Barclays cut their target price 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. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.