Prudential Financial Inc. Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Prudential Financial Inc. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 156,579 shares of the company's stock after selling 20,815 shares during the period. Prudential Financial Inc.'s holdings in Tyson Foods were worth $8,994,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co raised its stake in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares during the last quarter. TCTC Holdings LLC boosted its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods during the 4th quarter valued at about $42,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

TSN stock traded down $0.17 during trading on Wednesday, reaching $62.94. The stock had a trading volume of 648,109 shares, compared to its average volume of 2,300,083. The stock's 50 day moving average is $59.41 and its two-hundred day moving average is $59.61. The firm has a market cap of $22.42 billion, a PE ratio of 21.26, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research note on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus price target of $61.10.

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.