Vanguard Group Inc. Sells 21,667 Shares of Tyson Foods, Inc. $TSN

Vanguard Group Inc. lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,483,254 shares of the company’s stock after selling 21,667 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Tyson Foods worth $1,981,041,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSN. Arnhold LLC purchased a new position in Tyson Foods during the third quarter worth approximately $3,166,000. JPMorgan Chase & Co. grew its stake in shares of Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after buying an additional 795,710 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Tyson Foods by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 93,495 shares of the company’s stock valued at $5,077,000 after buying an additional 840 shares during the period. Cidel Asset Management Inc. lifted its holdings in Tyson Foods by 7.0% in the third quarter. Cidel Asset Management Inc. now owns 7,667 shares of the company’s stock valued at $416,000 after acquiring an additional 500 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Tyson Foods by 3.8% during the third quarter. Assetmark Inc. now owns 416,710 shares of the company’s stock worth $22,627,000 after acquiring an additional 15,409 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman owned 2,989,415 shares in the company, valued at $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. The trade was a 17.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSN shares. JPMorgan Chase & Co. upped their price target on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Piper Sandler lifted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.27.

Tyson Foods Stock Up 0.7%

TSN stock opened at $64.38 on Friday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The company has a market cap of $22.67 billion, a P/E ratio of 114.88, a P/E/G ratio of 1.41 and a beta of 0.48. The company’s 50-day moving average price is $61.07 and its 200 day moving average price is $56.97.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Tyson Foods 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.