Bank of New York Mellon Corp Reduces Stock Holdings in Tyson Foods, Inc. $TSN

Bank of New York Mellon Corp reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 22.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,694,191 shares of the company’s stock after selling 489,898 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tyson Foods were worth $99,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. cut their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, Stephens boosted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $68.27.

Tyson Foods Trading Up 0.2%

Shares of Tyson Foods stock opened at $58.82 on Monday. The company’s 50-day moving average price is $64.42 and its 200-day moving average price is $61.78. 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 12-month low of $50.56 and a 12-month high of $69.48. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 1.19 and a beta of 0.38.

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 during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 4.14 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is presently 160.63%.

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.