Principal Financial Group Inc. Sells 12,652 Shares of Tyson Foods, Inc. $TSN

Principal Financial Group Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,977 shares of the company’s stock after selling 12,652 shares during the period. Principal Financial Group Inc. owned 0.10% of Tyson Foods worth $22,039,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its stake in Tyson Foods by 46.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 29,324 shares of the company’s stock worth $1,893,000 after acquiring an additional 9,322 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Tyson Foods by 139.3% during the first quarter. Citizens Financial Group Inc. RI now owns 8,585 shares of the company’s stock valued at $550,000 after acquiring an additional 4,997 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Tyson Foods by 1,605.1% in the first quarter. Fifth Third Bancorp now owns 135,024 shares of the company’s stock valued at $8,651,000 after purchasing an additional 127,105 shares during the period. Markel Group Inc. grew its stake in Tyson Foods by 0.6% in the first quarter. Markel Group Inc. now owns 889,500 shares of the company’s stock worth $56,990,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Tyson Foods by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 28,342 shares of the company’s stock worth $1,816,000 after purchasing an additional 2,586 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.7%

Shares of NYSE:TSN opened at $57.01 on Wednesday. The company has a market capitalization of $20.07 billion, a PE ratio of 44.89, a P/E/G ratio of 1.19 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The business’s fifty day simple moving average is $59.60 and its 200-day simple moving average is $61.78.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the prior year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods, Inc. will post 4.12 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSN shares. Piper Sandler restated an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Sanford C. Bernstein decreased their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Bank of America lowered their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Stephens increased 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. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.56.

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.