Tyson Foods, Inc. (NYSE:TSN) Shares Sold by abrdn plc

abrdn plc reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,230 shares of the company's stock after selling 22,733 shares during the quarter. abrdn plc's holdings in Tyson Foods were worth $4,111,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSN. Mather Group LLC. boosted its stake in shares of Tyson Foods by 46.5% during the third quarter. Mather Group LLC. now owns 2,300 shares of the company's stock valued at $137,000 after purchasing an additional 730 shares during the period. CWM LLC raised its holdings in shares of Tyson Foods by 11.5% in the third quarter. CWM LLC now owns 6,115 shares of the company's stock valued at $364,000 after acquiring an additional 630 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Tyson Foods by 30.0% in the third quarter. Gateway Investment Advisers LLC now owns 7,167 shares of the company's stock valued at $427,000 after acquiring an additional 1,656 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of Tyson Foods by 11.8% in the third quarter. Matrix Asset Advisors Inc. NY now owns 167,827 shares of the company's stock valued at $9,996,000 after acquiring an additional 17,651 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Tyson Foods by 4,625.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,655 shares of the company's stock valued at $456,000 after acquiring an additional 7,493 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,031 shares of company stock worth $25,022,233. Corporate insiders own 2.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TSN shares. Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price for the company. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Stock Performance

NYSE TSN traded down $0.16 during trading hours on Thursday, reaching $57.62. The stock had a trading volume of 2,448,831 shares, compared to its average volume of 2,403,680. The stock has a fifty day moving average of $57.79 and a 200 day moving average of $60.19. The stock has a market cap of $20.52 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 52-week low of $51.24 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods's dividend payout ratio is presently 67.57%.

About Tyson Foods

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.