Tyson Foods, Inc. $TSN Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 27.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 456,702 shares of the company’s stock after selling 171,988 shares during the quarter. Strs Ohio’s holdings in Tyson Foods were worth $26,772,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSN. Root Financial Partners LLC acquired a new position in shares of Tyson Foods in the third quarter worth $28,000. City Holding Co. acquired a new position in Tyson Foods in the fourth quarter valued at $29,000. Activest Wealth Management increased its stake in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the last quarter. Finally, Caldwell Trust Co acquired a new position in Tyson Foods in the third quarter valued at $38,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $63.76 on Friday. The firm has a market capitalization of $22.45 billion, a PE ratio of 113.85, a P/E/G ratio of 1.38 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. The business has a 50-day moving average of $63.07 and a two-hundred day moving average of $59.70. 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). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on TSN. Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price for the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and upped their target price for the company from $61.00 to $75.00 in a research note on Monday, April 6th. BMO Capital Markets upped their target price on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $66.45.

Tyson Foods Company Profile

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.