Lido Advisors LLC Sells 137,661 Shares of Tyson Foods, Inc. (NYSE:TSN)

Lido Advisors LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,104 shares of the company's stock after selling 137,661 shares during the period. Lido Advisors LLC's holdings in Tyson Foods were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Tyson Foods by 37.5% during the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock valued at $2,803,000 after acquiring an additional 12,830 shares during the last quarter. Synovus Financial Corp grew its stake 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 period. Franklin Resources Inc. raised its holdings in shares of Tyson Foods by 146.3% during the third quarter. Franklin Resources Inc. now owns 79,506 shares of the company's stock valued at $4,758,000 after purchasing an additional 47,232 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Tyson Foods by 3.7% during the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company's stock valued at $21,962,000 after purchasing an additional 13,066 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

NYSE:TSN traded down $0.59 during trading hours on Wednesday, hitting $55.16. 2,058,350 shares of the stock traded hands, compared to its average volume of 2,364,645. The stock has a 50 day moving average price of $60.66 and a 200 day moving average price of $59.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market cap of $19.65 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

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

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research analyst reports. Stephens cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday. Barclays dropped their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Finally, UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.33.

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.