Jefferies Financial Group Inc. Sells 16,939 Shares of Tyson Foods, Inc. (NYSE:TSN)

Jefferies Financial Group Inc. cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,810 shares of the company's stock after selling 16,939 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Tyson Foods were worth $793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after acquiring an additional 325,361 shares during the period. Geode Capital Management LLC boosted its stake in Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the period. Northern Trust Corp boosted its stake in Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock worth $270,014,000 after purchasing an additional 118,402 shares during the period. Bank of New York Mellon Corp boosted its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Norges Bank acquired a new position in Tyson Foods in the 4th quarter worth approximately $175,086,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.1%

Tyson Foods stock traded up $0.08 during mid-day trading on Friday, hitting $56.20. 4,838,677 shares of the company's stock were exchanged, compared to its average volume of 2,382,825. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a 50 day moving average of $58.88 and a two-hundred day moving average of $59.31. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $20.02 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. Tyson Foods's payout ratio is presently 77.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TSN shares. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens decreased their price objective on shares of 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. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" 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 one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.63.

About Tyson Foods

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.