Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Amundi

Amundi reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 31.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792,925 shares of the company’s stock after selling 360,280 shares during the period. Amundi owned 0.22% of Tyson Foods worth $43,976,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSN. Principal Financial Group Inc. boosted its position in shares of Tyson Foods by 3.7% in the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after acquiring an additional 13,066 shares during the last quarter. Atria Investments Inc boosted its position in shares of Tyson Foods by 37.8% in the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after acquiring an additional 3,782 shares during the last quarter. Covestor Ltd boosted its position in shares of Tyson Foods by 987.5% in the third quarter. Covestor Ltd now owns 1,914 shares of the company’s stock worth $114,000 after acquiring an additional 1,738 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Tyson Foods by 426.0% in the third quarter. Venturi Wealth Management LLC now owns 1,757 shares of the company’s stock worth $105,000 after acquiring an additional 1,423 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.9 %

Shares of NYSE:TSN opened at $60.12 on Thursday. 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 company has a fifty day simple moving average of $57.97 and a 200 day simple moving average of $59.94. The firm has a market cap of $21.41 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.33%. Tyson Foods’s payout ratio is 67.57%.

Analyst Ratings Changes

TSN has been the topic of a number of recent research reports. Piper Sandler raised shares of 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. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Citigroup reduced their price target on shares of 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.