Allspring Global Investments Holdings LLC Sells 12,466 Shares of Tyson Foods, Inc. (NYSE:TSN)

Allspring Global Investments Holdings LLC cut its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,084 shares of the company's stock after selling 12,466 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of Tyson Foods worth $19,078,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock valued at $140,439,000 after acquiring an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Tyson Foods by 6.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock valued at $69,442,000 after acquiring an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research reports. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets increased their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Finally, UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus target price of $61.10.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares of the company's stock, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction 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 $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.03% of the company's stock.

Tyson Foods Trading Down 0.5 %

Tyson Foods stock traded down $0.29 during mid-day trading on Wednesday, hitting $57.60. 2,370,673 shares of the stock were exchanged, compared to its average volume of 2,449,672. The firm's fifty day simple moving average is $57.26 and its two-hundred day simple moving average is $60.07. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.71 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

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

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 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.