Tyson Foods, Inc. (NYSE:TSN) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,470 shares of the company's stock after selling 25,183 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Tyson Foods were worth $1,750,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TSN. Riverview Trust Co raised its stake in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group increased its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its position in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.84 during trading on Friday, hitting $60.58. 1,462,882 shares of the company traded hands, compared to its average volume of 2,334,845. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business's fifty day moving average is $60.76 and its 200-day moving average is $59.72.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Tyson Foods's dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

TSN has been the subject of a number of analyst reports. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Citigroup raised their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.78.

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.