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Van ECK Associates Corp Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Tyson Foods logo with Consumer Staples background

Van ECK Associates Corp decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,393 shares of the company's stock after selling 98,348 shares during the period. Van ECK Associates Corp owned about 0.33% of Tyson Foods worth $69,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSN. VELA Investment Management LLC lifted its holdings in Tyson Foods by 58.0% in the 3rd quarter. VELA Investment Management LLC now owns 9,350 shares of the company's stock valued at $557,000 after purchasing an additional 3,431 shares in the last quarter. F M Investments LLC lifted its holdings in Tyson Foods by 60.1% in the 3rd quarter. F M Investments LLC now owns 99,902 shares of the company's stock valued at $5,950,000 after purchasing an additional 37,484 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Tyson Foods by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company's stock valued at $251,000 after purchasing an additional 232 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in Tyson Foods in the 3rd quarter valued at $553,000. Finally, Pinnacle Associates Ltd. lifted its holdings in Tyson Foods by 12.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 10,697 shares of the company's stock valued at $637,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TSN shares. 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 report on Wednesday, September 25th. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. 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 research note on Tuesday, August 6th. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Finally, Stephens began coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $59.22.

Read Our Latest Research Report on TSN

Tyson Foods Trading Down 0.1 %

Shares of NYSE:TSN traded down $0.04 during midday trading on Monday, reaching $58.32. 1,611,121 shares of the company's stock were exchanged, compared to its average volume of 2,437,702. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of -978.67, a P/E/G ratio of 0.38 and a beta of 0.78. 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's 50 day simple moving average is $60.85 and its two-hundred day simple moving average is $59.71. Tyson Foods, Inc. has a fifty-two week low of $45.13 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion during 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%. Tyson Foods's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods's dividend payout ratio is currently -3,266.67%.

About Tyson Foods

(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.

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

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