IFM Investors Pty Ltd Sells 15,099 Shares of Tyson Foods, Inc. (NYSE:TSN)

IFM Investors Pty Ltd reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,224 shares of the company's stock after selling 15,099 shares during the period. IFM Investors Pty Ltd's holdings in Tyson Foods were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TSN. Pittenger & Anderson Inc. bought a new stake in Tyson Foods during the 1st quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the 2nd quarter worth approximately $54,000. Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the 3rd quarter worth approximately $59,000. Finally, SYSTM Wealth Solutions LLC grew its position in Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock worth $62,000 after acquiring an additional 1,018 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TSN. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $59.22.

Tyson Foods Trading Up 0.9 %

Shares of TSN stock traded up $0.53 during trading hours on Monday, reaching $59.20. The company had a trading volume of 1,017,139 shares, compared to its average volume of 2,444,036. The company has a 50 day moving average of $61.27 and a 200 day moving average of $59.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of -974.33, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods's payout ratio is presently -3,266.67%.

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.