Marshall Wace LLP Sells 81,323 Shares of Tyson Foods, Inc. (NYSE:TSN)

Marshall Wace LLP lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 167,973 shares of the company’s stock after selling 81,323 shares during the quarter. Marshall Wace LLP’s holdings in Tyson Foods were worth $9,648,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSN. Riverview Trust Co lifted its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares during the period. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the fourth 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 shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. TCTC Holdings LLC grew its position in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on TSN shares. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Piper Sandler upgraded 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 report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $61.78.

Tyson Foods Stock Down 0.7 %

Shares of NYSE:TSN opened at $60.81 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62. The firm has a fifty day moving average price of $60.45 and a two-hundred day moving average price of $59.66.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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 net margin of 1.96% and a return on equity of 6.87%. The company 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 business earned $0.69 earnings per share. Tyson Foods’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

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.