Tyson Foods, Inc. $TSN Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 51.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,856 shares of the company’s stock after selling 10,644 shares during the period. M&T Bank Corp’s holdings in Tyson Foods were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its position in Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the period. Matrix Trust Co increased its position in Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after purchasing an additional 183 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares during the period. Focus Partners Advisor Solutions LLC increased its position in Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares during the period. Finally, Unison Advisors LLC increased its position in Tyson Foods by 0.9% during the 3rd quarter. Unison Advisors LLC now owns 26,669 shares of the company’s stock worth $1,448,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $63.76 on Friday. The business’s 50 day simple moving average is $63.07 and its 200-day simple moving average is $59.65. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 113.85, a price-to-earnings-growth ratio of 1.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Tyson Foods’s payout ratio is 364.29%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $61.00 to $75.00 in a research report on Monday, April 6th. BMO Capital Markets boosted their target price on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $66.45.

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.