M&T Bank Corp Trims Position in Tyson Foods, Inc. (NYSE:TSN)

M&T Bank Corp reduced its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 32.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,961 shares of the company's stock after selling 8,188 shares during the quarter. M&T Bank Corp's holdings in Tyson Foods were worth $1,082,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods during the 4th quarter valued at $25,000. Curat Global LLC acquired a new stake in shares of Tyson Foods during the first quarter worth $28,000. Ossiam increased its holdings in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the last quarter. TCTC Holdings LLC lifted its stake in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares during the period. Finally, Rossby Financial LCC bought a new position in Tyson Foods during the first quarter worth about $53,000. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSN has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price on the stock. Stephens reduced their price target on 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Trading Up 0.2%

Shares of NYSE TSN traded up $0.10 during trading hours on Monday, hitting $54.32. The company's stock had a trading volume of 2,249,059 shares, compared to its average volume of 2,727,772. Tyson Foods, Inc. has a 12 month low of $53.58 and a 12 month high of $66.88. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The business has a 50-day simple moving average of $55.58 and a 200-day simple moving average of $57.89.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is presently 77.82%.

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.