Tyson Foods, Inc. $TSN Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 96.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,012 shares of the company’s stock after selling 1,513,548 shares during the period. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $2,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kera Capital Partners Inc. grew its stake in Tyson Foods by 11.0% during the 4th quarter. Kera Capital Partners Inc. now owns 14,564 shares of the company’s stock worth $854,000 after buying an additional 1,441 shares during the last quarter. TMB Capital Partners LLC purchased a new stake in Tyson Foods in the fourth quarter valued at about $288,000. Invesco Ltd. raised its stake in Tyson Foods by 1.4% in the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after buying an additional 83,861 shares during the last quarter. Rare Wolf Capital LLC acquired a new stake in Tyson Foods in the fourth quarter worth about $2,103,000. Finally, Corient Private Wealth LLC grew its stake in shares of Tyson Foods by 308.6% during the fourth quarter. Corient Private Wealth LLC now owns 288,189 shares of the company’s stock worth $16,894,000 after acquiring an additional 217,652 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 3.6%

Shares of NYSE:TSN opened at $57.50 on Wednesday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.12 and a beta of 0.38. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $62.50 and a 200-day moving average price of $61.80.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities analysts predict that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSN shares. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Piper Sandler restated an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.20.

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.