Cetera Investment Advisers Sells 35,342 Shares of Tyson Foods, Inc. (NYSE:TSN)

Cetera Investment Advisers cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,710 shares of the company's stock after selling 35,342 shares during the period. Cetera Investment Advisers' holdings in Tyson Foods were worth $2,913,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after buying an additional 729 shares during the period. Sound Income Strategies LLC raised its position in Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its holdings in Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Tyson Foods by 7.1% during the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock worth $4,288,000 after purchasing an additional 4,922 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after acquiring an additional 1,532 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of analyst reports. Citigroup lifted their price objective 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. Stephens lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. StockNews.com lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Performance

TSN stock traded up $0.71 on Tuesday, reaching $56.76. 2,906,755 shares of the company were exchanged, compared to its average volume of 2,411,370. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. 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 market capitalization of $20.22 billion, a PE ratio of 19.18, a PEG ratio of 0.74 and a beta of 0.63. The stock's fifty day moving average price is $59.67 and its 200 day moving average price is $59.53.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter last year, the firm earned $0.62 EPS. Tyson Foods's revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS 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. Investors of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

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.