National Bank of Canada FI Trims Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

National Bank of Canada FI cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,227 shares of the company's stock after selling 8,634 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Tyson Foods worth $13,397,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSN. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its stake in Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Tyson Foods in the fourth quarter valued at about $775,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TSN shares. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Citigroup reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Stephens increased their target price 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. Piper Sandler raised shares of 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. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" 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 presently has an average rating of "Hold" and an average price target of $61.10.

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Tyson Foods Stock Performance

TSN opened at $59.85 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 capitalization of $21.32 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The business has a 50 day moving average price of $59.77 and a two-hundred day moving average price of $59.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results 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. 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 analysts' expectations of $13.46 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. Research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared 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 3.34%. Tyson Foods's dividend payout ratio (DPR) is 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.

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