SG Americas Securities LLC Reduces Stake in Tyson Foods, Inc. $TSN

SG Americas Securities LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 28.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 371,431 shares of the company’s stock after selling 145,536 shares during the quarter. SG Americas Securities LLC owned 0.11% of Tyson Foods worth $23,798,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. City Holding Co. purchased a new position in shares of Tyson Foods during the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the last quarter. Activest Wealth Management boosted its holdings in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the last quarter. ORG Partners LLC grew its position in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after purchasing an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 384 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $57.86 on Thursday. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 1.16 and a beta of 0.38. The stock has a 50-day moving average of $62.37 and a 200 day moving average of $61.81. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.16 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSN. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Stephens raised their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $68.20.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.