Oppenheimer Asset Management Inc. Sells 154,472 Shares of Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 124,030 shares of the company's stock after selling 154,472 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Tyson Foods were worth $7,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSN. Park Square Financial Group LLC bought a new stake in Tyson Foods during the 4th quarter worth $25,000. Riverview Trust Co grew its position in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares during the last quarter. Curat Global LLC bought a new stake in Tyson Foods during the 1st quarter worth $28,000. SRS Capital Advisors Inc. grew its position in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the last quarter. Finally, Ossiam grew its position in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research reports. Citigroup boosted 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. Stephens cut their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday. They set a "buy" rating and a $67.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $63.11.

Tyson Foods Stock Up 1.3%

Shares of NYSE:TSN opened at $55.14 on Tuesday. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 0.71 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The business's 50-day moving average is $57.04 and its 200-day moving average is $58.27. Tyson Foods, Inc. has a 1 year low of $54.01 and a 1 year high of $66.88.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is 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.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.