Tyson Foods, Inc. $TSN Stock: Robeco Institutional Asset Management B.V. Reduces Stake

Robeco Institutional Asset Management B.V. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 95.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,377 shares of the company’s stock after selling 254,535 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tyson Foods were worth $575,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after buying an additional 1,845,200 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Tyson Foods by 57.8% during the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after buying an additional 340,671 shares during the period. Amundi increased its stake in shares of Tyson Foods by 31.6% in the 1st quarter. Amundi now owns 1,225,806 shares of the company’s stock valued at $78,537,000 after acquiring an additional 294,328 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tyson Foods by 17.8% in the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after acquiring an additional 243,060 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Tyson Foods in the 2nd quarter valued at about $11,267,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $56.41 on Tuesday. Tyson Foods, Inc. has a 1-year low of $49.96 and a 1-year high of $69.48. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The firm has a market cap of $19.84 billion, a PE ratio of 34.82, a P/E/G ratio of 0.94 and a beta of 0.40. The business’s 50-day moving average price is $53.94 and its two-hundred day moving average price is $59.60.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.49 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s payout ratio is 125.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSN. HSBC reduced their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Piper Sandler decreased their price objective on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Sanford C. Bernstein lowered their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Bank of America cut their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $66.78.

Tyson Foods Company Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.