Cwm LLC Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

CWM LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 93.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,548 shares of the company's stock after selling 64,965 shares during the period. CWM LLC's holdings in Tyson Foods were worth $244,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new stake in Tyson Foods during the 3rd quarter valued at $274,707,000. Bank of New York Mellon Corp boosted its position in Tyson Foods by 97.2% in the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company's stock worth $214,627,000 after purchasing an additional 2,095,597 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at about $77,574,000. Royal London Asset Management Ltd. increased its position in shares of Tyson Foods by 196.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,904,569 shares of the company's stock valued at $96,200,000 after purchasing an additional 1,261,583 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Tyson Foods by 16.1% in the third quarter. FMR LLC now owns 7,448,930 shares of the company's stock worth $376,096,000 after buying an additional 1,034,915 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TSN shares. StockNews.com upgraded shares of Tyson Foods from a "sell" rating to a "hold" rating in a research report on Monday, January 22nd. Barclays raised Tyson Foods from an "underweight" rating to an "overweight" rating and boosted their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. Bank of America upgraded Tyson Foods from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $58.80.

Insider Activity

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares of the company's stock, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.05% of the company's stock.

Tyson Foods Price Performance

Shares of TSN stock traded up $1.07 during mid-day trading on Friday, hitting $62.02. The company had a trading volume of 3,879,826 shares, compared to its average volume of 1,801,986. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The stock's 50 day moving average price is $57.71 and its 200-day moving average price is $53.36. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a market capitalization of $22.10 billion, a P/E ratio of -25.11, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. The business had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business's revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. Tyson Foods's dividend payout ratio (DPR) is -79.35%.

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.