Stephens Inc. AR Has $3.78 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Stephens Inc. AR reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,268 shares of the company's stock after selling 7,178 shares during the quarter. Stephens Inc. AR's holdings in Tyson Foods were worth $3,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSN. Norges Bank bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $175,086,000. Arrowstreet Capital Limited Partnership boosted its stake in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after purchasing an additional 551,530 shares during the period. GAMMA Investing LLC boosted its stake in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after purchasing an additional 453,853 shares during the period. Two Sigma Advisers LP boosted its stake in Tyson Foods by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after purchasing an additional 392,200 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Tyson Foods in the 4th quarter valued at $22,059,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

NYSE TSN traded up $0.89 during midday trading on Wednesday, hitting $53.64. The company had a trading volume of 3,105,728 shares, compared to its average volume of 2,476,846. The company has a market capitalization of $19.11 billion, a PE ratio of 20.87, a P/E/G ratio of 0.70 and a beta of 0.59. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $55.45 and a 200-day moving average price of $57.80. Tyson Foods, Inc. has a twelve month low of $52.71 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Tyson Foods's revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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. 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 3.73%. Tyson Foods's dividend payout ratio (DPR) is currently 77.82%.

Analyst Ratings Changes

Several analysts recently issued reports on TSN shares. Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. 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 note on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen cut 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently 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.