Brown Advisory Inc. Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

Brown Advisory Inc. reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,898 shares of the company’s stock after selling 239 shares during the quarter. Brown Advisory Inc.’s holdings in Tyson Foods were worth $313,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSN. Park Square Financial Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter worth $25,000. Curat Global LLC purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $28,000. Ossiam lifted its holdings in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after buying an additional 184 shares in the last quarter. TCTC Holdings LLC boosted its holdings in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 387 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Tyson Foods in the first quarter worth $53,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSN shares. Stephens reduced their price objective on 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. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They set a “buy” rating and a $67.00 target price on the stock. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.11.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $52.74 on Wednesday. The company has a market capitalization of $18.79 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The business’s 50-day moving average price is $55.48 and its two-hundred day moving average price is $57.83. Tyson Foods, Inc. has a one year low of $52.71 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN) last posted its earnings results 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. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.79%. Tyson Foods’s payout ratio is 77.82%.

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.