Qtron Investments LLC Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Qtron Investments LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 21.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,991 shares of the company’s stock after selling 3,614 shares during the period. Qtron Investments LLC’s holdings in Tyson Foods were worth $746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after buying an additional 729 shares during the last quarter. Sound Income Strategies LLC raised 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 valued at $3,248,000 after buying an additional 6,955 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Tyson Foods in the fourth quarter worth $775,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TSN shares. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research note on Tuesday, February 4th. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $60.49 on Friday. The company’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $59.58. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The firm has a market cap of $21.55 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. 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 posted 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 company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued 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 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.