Jefferies Financial Group Inc. Reduces Position in Tyson Foods, Inc. $TSN

Jefferies Financial Group Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 54.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,636 shares of the company’s stock after selling 30,338 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Tyson Foods were worth $1,503,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TSN. JPMorgan Chase & Co. lifted its holdings in shares of Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 61.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,609 shares of the company’s stock worth $4,045,000 after purchasing an additional 28,274 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Tyson Foods by 306.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares during the period. AIA Group Ltd lifted its holdings in shares of Tyson Foods by 78.8% during the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares during the period. Finally, Arnhold LLC purchased a new position in shares of Tyson Foods during the third quarter worth $3,166,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $66.06 on Thursday. The stock has a market capitalization of $23.26 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.34 and a beta of 0.40. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $64.55 and a 200 day moving average of $61.51.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $80.00 target price on shares of Tyson Foods in a report on Monday, May 4th. Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Argus raised shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $68.27.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.