Cullen Frost Bankers Inc. Sells 1,819 Shares of Tyson Foods, Inc. (NYSE:TSN)

Cullen Frost Bankers Inc. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 40.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,661 shares of the company’s stock after selling 1,819 shares during the period. Cullen Frost Bankers Inc.’s holdings in Tyson Foods were worth $153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Tyson Foods by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock worth $251,000 after purchasing an additional 232 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Tyson Foods by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after purchasing an additional 13,066 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Tyson Foods during the 3rd quarter worth about $1,198,000. Assetmark Inc. increased its stake in shares of Tyson Foods by 2.5% during the 3rd quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after purchasing an additional 9,526 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after purchasing an additional 3,782 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of several recent analyst reports. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. BMO Capital Markets upped their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $61.30 on Monday. The company’s 50 day moving average price is $57.74 and its two-hundred day moving average price is $59.96. Tyson Foods, Inc. has a 12-month low of $53.59 and a 12-month high of $66.88. The firm has a market cap of $21.84 billion, a PE ratio of 20.71, a PEG ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods’s payout ratio is presently 67.57%.

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.