Chevy Chase Trust Holdings LLC Reduces Holdings in Tyson Foods, Inc. (NYSE:TSN)

Chevy Chase Trust Holdings LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,533 shares of the company’s stock after selling 1,174 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Tyson Foods were worth $8,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the period. State Street Corp boosted its stake in Tyson Foods by 1.8% during the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock worth $1,304,785,000 after buying an additional 264,159 shares during the period. Wellington Management Group LLP lifted its position in shares of Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after purchasing an additional 200,586 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tyson Foods by 97.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after purchasing an additional 4,669,457 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after purchasing an additional 1,034,915 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $59.09 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The business has a 50-day moving average price of $55.47 and a 200 day moving average price of $51.95. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.32%. Tyson Foods’s dividend payout ratio (DPR) is -79.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets lifted their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, Citigroup lifted their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $58.20.

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.