Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,347,523 shares of the company's stock after selling 777,971 shares during the period. Invesco Ltd. owned approximately 1.22% of Tyson Foods worth $249,722,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Cerity Partners LLC grew its position in Tyson Foods by 8.1% during the fourth quarter. Cerity Partners LLC now owns 21,033 shares of the company's stock valued at $1,221,000 after acquiring an additional 1,584 shares during the period. Sierra Summit Advisors LLC grew its holdings in shares of Tyson Foods by 32.5% during the 4th quarter. Sierra Summit Advisors LLC now owns 19,877 shares of the company's stock worth $1,142,000 after purchasing an additional 4,870 shares during the period. Federated Hermes Inc. increased its position in Tyson Foods by 482.3% during the 4th quarter. Federated Hermes Inc. now owns 5,590 shares of the company's stock worth $321,000 after purchasing an additional 4,630 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Tyson Foods by 74.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 6,386 shares of the company's stock valued at $367,000 after buying an additional 2,723 shares during the period. Finally, Waterloo Capital L.P. lifted its position in Tyson Foods by 8.7% during the fourth quarter. Waterloo Capital L.P. now owns 30,898 shares of the company's stock valued at $1,775,000 after buying an additional 2,460 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.2 %

Shares of TSN stock traded up $0.15 during mid-day trading on Wednesday, reaching $61.14. 226,226 shares of the company were exchanged, compared to its average volume of 2,478,727. The company has a market capitalization of $21.78 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The business's 50 day simple moving average is $60.22 and its 200 day simple moving average is $59.60.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.27%. Tyson Foods's payout ratio is 67.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSN shares. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price for the company. Stephens boosted their price target on 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. Ten equities research 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 company has a consensus rating of "Hold" and a consensus price target of $61.00.

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.