Mackenzie Financial Corp Sells 763 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mackenzie Financial Corp lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,318 shares of the company’s stock after selling 763 shares during the period. Mackenzie Financial Corp’s holdings in Tyson Foods were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSN. Sugarloaf Wealth Management LLC grew its stake in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $39,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.6 %

NYSE TSN opened at $61.32 on Thursday. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28. The business’s fifty day moving average price is $56.65 and its 200-day moving average price is $52.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same period last year, the firm earned $0.85 EPS. Tyson Foods’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.20%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and increased their target price for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. BMO Capital Markets increased their target price on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, Piper Sandler increased their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.80.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.05% of the stock is owned by insiders.

Tyson Foods 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.