Security National Bank of Sioux City Iowa IA reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 52.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,110 shares of the company’s stock after selling 4,470 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Tyson Foods were worth $305,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Busey Wealth Management lifted its holdings in shares of Tyson Foods by 10.8% during the 1st quarter. Busey Wealth Management now owns 133,290 shares of the company’s stock worth $9,903,000 after acquiring an additional 12,943 shares during the last quarter. BlackRock Inc. lifted its stake in Tyson Foods by 4.5% in the first quarter. BlackRock Inc. now owns 21,335,932 shares of the company’s stock worth $1,585,259,000 after purchasing an additional 913,437 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tyson Foods by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,912,949 shares of the company’s stock worth $252,123,000 after purchasing an additional 121,840 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Tyson Foods by 23.4% in the first quarter. Pacer Advisors Inc. now owns 101,016 shares of the company’s stock worth $7,505,000 after purchasing an additional 19,164 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Tyson Foods by 12.6% in the first quarter. Russell Investments Group Ltd. now owns 776,623 shares of the company’s stock worth $57,709,000 after purchasing an additional 86,688 shares during the last quarter. 64.42% of the stock is owned by institutional investors.
Tyson Foods stock traded up $0.14 during midday trading on Friday, reaching $77.08. 15,469 shares of the company traded hands, compared to its average volume of 2,085,757. The stock has a market cap of $28.12 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 3.55 and a beta of 0.84. The company’s 50 day simple moving average is $78.48. Tyson Foods, Inc. has a 12 month low of $55.28 and a 12 month high of $81.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.74 and a quick ratio of 0.84.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, August 31st. This represents a $1.78 dividend on an annualized basis and a yield of 2.31%. Tyson Foods’s dividend payout ratio (DPR) is 31.56%.
In other Tyson Foods news, insider Shane Miller sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $77.00, for a total value of $385,000.00. Following the transaction, the insider now directly owns 12,934 shares in the company, valued at $995,918. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.82% of the stock is owned by corporate insiders.
Several analysts have weighed in on the stock. Piper Sandler boosted their price target on shares of Tyson Foods from $77.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, May 17th. Credit Suisse Group boosted their price target on shares of Tyson Foods from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 11th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, May 11th. Stephens upped their price objective on shares of Tyson Foods from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, April 9th. Finally, Barclays boosted their price target on shares of Tyson Foods from $83.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $82.71.
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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