Bank of New York Mellon Corp Has $139.15 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Bank of New York Mellon Corp lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 34.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,180,643 shares of the company's stock after selling 1,135,058 shares during the quarter. Bank of New York Mellon Corp owned 0.61% of Tyson Foods worth $139,147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. World Investment Advisors lifted its position in shares of Tyson Foods by 54.2% during the 1st quarter. World Investment Advisors now owns 14,861 shares of the company's stock worth $948,000 after buying an additional 5,226 shares during the period. VELA Investment Management LLC increased its holdings in Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after purchasing an additional 5,537 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Tyson Foods by 223.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock valued at $67,000 after purchasing an additional 727 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Tyson Foods during the 1st quarter valued at $206,000. Finally, Aurora Private Wealth Inc. acquired a new stake in Tyson Foods during the 1st quarter valued at $2,195,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 0.8%

Shares of NYSE TSN traded down $0.43 during midday trading on Friday, hitting $54.21. The stock had a trading volume of 3,147,584 shares, compared to its average volume of 2,453,750. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. Tyson Foods, Inc. has a fifty-two week low of $53.58 and a fifty-two week high of $66.88. The company's 50-day simple moving average is $55.71 and its 200 day simple moving average is $57.92. The firm has a market cap of $19.31 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSN. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Citigroup lifted their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens lowered their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.11.

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.