Jump Financial LLC Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Jump Financial LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,855 shares of the company's stock after selling 9,474 shares during the quarter. Jump Financial LLC's holdings in Tyson Foods were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC lifted its stake in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tyson Foods during the 3rd quarter worth $1,241,000. Arvest Bank Trust Division acquired a new stake in Tyson Foods in the third quarter valued at about $270,000. Tidal Investments LLC raised its stake in Tyson Foods by 37.5% during the third quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock worth $2,803,000 after acquiring an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Tyson Foods by 12.9% in the third quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock worth $374,000 after acquiring an additional 720 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several 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. Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.78.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.03 during midday trading on Tuesday, reaching $60.14. The company's stock had a trading volume of 248,799 shares, compared to its average volume of 2,328,894. The stock has a market capitalization of $21.42 billion, a P/E ratio of 20.34, a PEG ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a 50 day moving average price of $60.81 and a 200-day moving average price of $59.75. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Tyson Foods's dividend payout ratio is presently 67.57%.

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.