Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,448 shares of the company’s stock after selling 7,305 shares during the period. Leeward Investments LLC MA owned about 0.08% of Tyson Foods worth $14,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after purchasing an additional 200,586 shares during the period. FMR LLC lifted its position in Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Tyson Foods by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock valued at $333,152,000 after purchasing an additional 223,447 shares during the period. Pzena Investment Management LLC acquired a new position in Tyson Foods during the third quarter valued at $274,707,000. Finally, Northern Trust Corp increased its holdings in Tyson Foods by 2.6% in the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after buying an additional 134,778 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.4 %

Shares of NYSE TSN opened at $60.64 on Friday. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28. The stock has a market cap of $21.61 billion, a PE ratio of -24.55, a P/E/G ratio of 0.49 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $56.97 and a 200 day moving average of $52.89.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Tyson Foods’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.23%. Tyson Foods’s payout ratio is -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TSN. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Piper Sandler lifted their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Finally, Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Company 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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.