Ethic Inc. Sells 14,991 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ethic Inc. lessened its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 48.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,125 shares of the company's stock after selling 14,991 shares during the quarter. Ethic Inc.'s holdings in Tyson Foods were worth $926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 0.9% in 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 last quarter. Geode Capital Management LLC lifted its position in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares during the period. Northern Trust Corp lifted its position in Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the period. Finally, Norges Bank acquired a new stake in shares of Tyson Foods in the 4th quarter valued at approximately $175,086,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. StockNews.com cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup boosted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $62.63.

Tyson Foods Price Performance

NYSE TSN traded up $0.43 during trading on Friday, hitting $56.08. 5,641,162 shares of the company's stock were exchanged, compared to its average volume of 2,407,388. 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 has a market cap of $19.98 billion, a PE ratio of 18.94, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The stock's 50 day moving average price is $59.86 and its two-hundred day moving average price is $59.55.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is presently 77.82%.

Tyson Foods Company 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.