Aberdeen Group plc Has $6.83 Million Holdings in Tyson Foods, Inc. $TSN

Key Points

• Aberdeen Group plc reduced its stake in Tyson Foods by 16.8%, selling 23,516 shares and ending the quarter with 116,588 shares valued at about $6.83 million.
• Tyson reported Q results with EPS of $0.97 (missing the $1.01 consensus) and revenue of $14.31 billion (up 5.1% YoY), and announced a quarterly dividend of $0.51 per share (annualized $2.04, ~3.2% yield) with an ex‑dividend date of June 1.

Aberdeen Group plc lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,588 shares of the company's stock after selling 23,516 shares during the period. Aberdeen Group plc's holdings in Tyson Foods were worth $6,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased its stake in shares of Tyson Foods by 10.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company's stock worth $101,000 after acquiring an additional 179 shares in the last quarter. Matrix Trust Co increased its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Matrix Trust Co now owns 818 shares of the company's stock worth $48,000 after acquiring an additional 183 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Tyson Foods by 10.0% in the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company's stock worth $119,000 after acquiring an additional 200 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company's stock valued at $975,000 after purchasing an additional 210 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company's stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN opened at $64.63 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The stock has a market capitalization of $22.76 billion, a P/E ratio of 115.42, a P/E/G ratio of 1.40 and a beta of 0.44. The company's 50-day simple moving average is $63.14 and its two-hundred day simple moving average is $58.50. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods's dividend payout ratio is 364.29%.

Analysts Set New Price Targets

TSN has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Tyson Foods in a research report on Monday, December 29th. Sanford C. Bernstein reissued a "market perform" rating and set a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. BMO Capital Markets increased their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, February 3rd. Finally, Mizuho initiated coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an "outperform" rating and a $72.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus price target of $65.92.

Tyson Foods Profile

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.

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