Toronto Dominion Bank Lowers Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Toronto Dominion Bank trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 46.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,318 shares of the company's stock after selling 74,289 shares during the period. Toronto Dominion Bank's holdings in Tyson Foods were worth $4,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Tyson Foods by 60.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,839 shares of the company's stock valued at $3,134,000 after acquiring an additional 20,651 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Tyson Foods during the second quarter valued at about $5,777,000. Bank of Montreal Can boosted its holdings in shares of Tyson Foods by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 306,966 shares of the company's stock valued at $17,568,000 after buying an additional 14,108 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Tyson Foods by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,604 shares of the company's stock worth $320,000 after acquiring an additional 313 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Tyson Foods by 77.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 10,935 shares of the company's stock valued at $625,000 after purchasing an additional 4,779 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSN. Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Bank of America reduced their price objective on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. BMO Capital Markets raised their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus price target of $60.67.

Tyson Foods Trading Down 0.2 %

TSN traded down $0.13 during midday trading on Monday, hitting $59.56. 1,581,933 shares of the company traded hands, compared to its average volume of 2,532,792. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The business has a 50 day simple moving average of $62.06 and a two-hundred day simple moving average of $59.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period last year, the firm posted $0.15 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.29%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

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.