Palisade Capital Management LLC NJ Has $786,000 Stake in Tyson Foods, Inc. (NYSE:TSN)


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Palisade Capital Management LLC NJ trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 12.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,200 shares of the company’s stock after selling 1,750 shares during the period. Palisade Capital Management LLC NJ’s holdings in Tyson Foods were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Moors & Cabot Inc. grew its position in Tyson Foods by 8.6% in the 4th quarter. Moors & Cabot Inc. now owns 19,143 shares of the company’s stock worth $1,231,000 after purchasing an additional 1,518 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in Tyson Foods in the 4th quarter worth $337,000. Renaissance Technologies LLC grew its position in Tyson Foods by 117.4% in the 4th quarter. Renaissance Technologies LLC now owns 587,400 shares of the company’s stock worth $37,852,000 after purchasing an additional 317,200 shares during the last quarter. D.A. Davidson & CO. grew its position in Tyson Foods by 2.1% in the 4th quarter. D.A. Davidson & CO. now owns 19,283 shares of the company’s stock worth $1,243,000 after purchasing an additional 395 shares during the last quarter. Finally, TD Ameritrade Investment Management LLC acquired a new stake in Tyson Foods in the 4th quarter worth $53,000. Institutional investors own 63.65% of the company’s stock.

A number of equities analysts have recently commented on TSN shares. JPMorgan Chase & Co. downgraded shares of Tyson Foods from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $72.00 to $70.00 in a report on Wednesday, December 16th. Stephens raised shares of Tyson Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $64.00 to $80.00 in a report on Monday, February 8th. Finally, Piper Sandler raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $77.00 in a report on Thursday, December 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $74.67.

Shares of TSN stock opened at $72.71 on Monday. Tyson Foods, Inc. has a 12-month low of $42.57 and a 12-month high of $73.79. The company has a market capitalization of $26.54 billion, a P/E ratio of 12.41, a P/E/G ratio of 3.58 and a beta of 0.76. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $66.55 and a 200 day moving average price of $63.47.

Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 11th. The company reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.45. Tyson Foods had a net margin of 4.96% and a return on equity of 13.79%. During the same period in the prior year, the firm earned $1.66 earnings per share. As a group, research analysts expect that Tyson Foods, Inc. will post 5.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, May 28th. Tyson Foods’s dividend payout ratio is presently 31.56%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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