Alliancebernstein L.P. Sells 103,529 Shares of Tyson Foods, Inc. (NYSE:TSN)

Alliancebernstein L.P. decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 313,720 shares of the company's stock after selling 103,529 shares during the quarter. Alliancebernstein L.P. owned about 0.09% of Tyson Foods worth $18,020,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Tyson Foods by 44.8% in the 3rd 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 in the last quarter. Handelsbanken Fonder AB increased its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the period. Sound Income Strategies LLC raised its stake in Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after purchasing an additional 6,955 shares in the last quarter. Empowered Funds LLC boosted its holdings in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $775,000. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Stephens raised their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Stock Up 0.6 %

NYSE TSN traded up $0.36 during mid-day trading on Friday, hitting $60.49. The company's stock had a trading volume of 2,121,808 shares, compared to its average volume of 2,318,600. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.74 and a beta of 0.62. The company's 50 day simple moving average is $60.06 and its 200 day simple moving average is $59.58. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same period last year, the company earned $0.69 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 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.