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Connor Clark & Lunn Investment Management Ltd. Reduces Holdings in Tyson Foods, Inc. (NYSE:TSN)

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Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 24.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,984 shares of the company's stock after selling 101,765 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Tyson Foods worth $18,437,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TSN. Principal Financial Group Inc. raised its stake in shares of Tyson Foods by 3.7% during the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company's stock valued at $21,962,000 after purchasing an additional 13,066 shares during the period. Atria Investments Inc increased its stake in shares of Tyson Foods by 37.8% in the third quarter. Atria Investments Inc now owns 13,789 shares of the company's stock worth $821,000 after buying an additional 3,782 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock worth $1,160,000 after buying an additional 172 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Tyson Foods by 426.0% in the third quarter. Venturi Wealth Management LLC now owns 1,757 shares of the company's stock worth $105,000 after buying an additional 1,423 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Tyson Foods in the third quarter worth $339,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research note on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, 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 price objective for the company. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $61.10.

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Check Out Our Latest Research Report on TSN

Tyson Foods Stock Performance

Shares of TSN opened at $59.96 on Friday. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a fifty day moving average of $58.01 and a 200-day moving average of $59.94.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate 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. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is currently 67.57%.

Tyson Foods Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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