Simmons Bank Sells 2,284 Shares of Tyson Foods, Inc. (NYSE:TSN)

Simmons Bank lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,509 shares of the company’s stock after selling 2,284 shares during the quarter. Simmons Bank’s holdings in Tyson Foods were worth $2,901,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after buying an additional 87,054 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after acquiring an additional 39,252 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TSN shares. 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 note on Friday, January 31st. Stephens boosted their price objective on 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 boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Down 1.7 %

Shares of NYSE TSN opened at $60.30 on Thursday. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.74 and a beta of 0.80. The business has a 50-day moving average of $57.31 and a 200-day moving average of $60.02.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 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 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 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.