NFJ Investment Group LLC Has $31.30 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

NFJ Investment Group LLC lowered its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 544,945 shares of the company's stock after selling 27,452 shares during the period. Tyson Foods accounts for approximately 1.0% of NFJ Investment Group LLC's holdings, making the stock its 23rd biggest holding. NFJ Investment Group LLC owned 0.15% of Tyson Foods worth $31,302,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after buying an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB increased its holdings 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 acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after acquiring an additional 6,955 shares in the last quarter. Empowered Funds LLC lifted its stake in Tyson Foods by 289.9% during 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 during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Tyson Foods in the fourth quarter worth $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group started coverage on shares of 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 objective for the company in a report on Tuesday, February 4th. Finally, Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Stock Up 0.8 %

TSN traded up $0.51 on Friday, reaching $61.17. 2,520,398 shares of the company traded hands, compared to its average volume of 2,326,085. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock's 50 day moving average price is $60.39 and its 200-day moving average price is $59.63. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. During the same period in the previous year, the company posted $0.69 EPS. Tyson Foods's revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. Tyson Foods's dividend payout ratio is 67.57%.

Tyson Foods Company 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.