Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,261 shares of the company’s stock after selling 4,260 shares during the quarter. Tyson Foods comprises approximately 2.9% of Palouse Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Palouse Capital Management Inc.’s holdings in Tyson Foods were worth $4,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TSN. Pzena Investment Management LLC acquired a new stake in shares of Tyson Foods in the 3rd quarter worth $274,707,000. Price T Rowe Associates Inc. MD increased its stake in shares of Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after acquiring an additional 4,669,457 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after acquiring an additional 2,239,235 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Tyson Foods by 97.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock worth $214,627,000 after acquiring an additional 2,095,597 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Tyson Foods in the 3rd quarter worth $77,574,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSN. BMO Capital Markets raised their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 1.8 %

Shares of NYSE TSN traded up $1.08 during midday trading on Friday, hitting $59.95. 1,594,143 shares of the company’s stock were exchanged, compared to its average volume of 2,857,649. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28. The company has a market cap of $21.36 billion, a PE ratio of -24.27, a P/E/G ratio of 0.47 and a beta of 0.77. The firm’s fifty day simple moving average is $56.12 and its 200-day simple moving average is $52.44.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter last year, the company earned $0.85 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

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.