Nicholas Hoffman & Company LLC. Has $334,000 Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Nicholas Hoffman & Company LLC. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,810 shares of the company’s stock after selling 800 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Tyson Foods were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after acquiring an additional 352,863 shares during the period. Sound Income Strategies LLC lifted its position in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares during the last quarter. Everence Capital Management Inc. bought a new position in Tyson Foods in the 4th quarter worth approximately $775,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Tyson Foods during the third quarter worth approximately $1,036,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $57.10 on Tuesday. The firm has a market capitalization of $20.34 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.72 and a beta of 0.80. The stock has a fifty day moving average price of $57.55 and a two-hundred day moving average price of $60.14. Tyson Foods, Inc. has a 52-week low of $52.01 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.50%. Tyson Foods’s payout ratio is 67.57%.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSN. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.10.

About Tyson Foods

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.