Amundi Sells 360,280 Shares of Tyson Foods, Inc. (NYSE:TSN)

Amundi lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 792,925 shares of the company's stock after selling 360,280 shares during the quarter. Amundi owned approximately 0.22% of Tyson Foods worth $43,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Tyson Foods by 3.7% in the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company's stock valued at $21,962,000 after acquiring an additional 13,066 shares during the last quarter. Atria Investments Inc lifted its position in Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company's stock valued at $821,000 after purchasing an additional 3,782 shares during the period. Covestor Ltd boosted its stake in shares of Tyson Foods by 987.5% in the 3rd quarter. Covestor Ltd now owns 1,914 shares of the company's stock valued at $114,000 after purchasing an additional 1,738 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock worth $1,160,000 after buying an additional 172 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Tyson Foods by 426.0% during the third quarter. Venturi Wealth Management LLC now owns 1,757 shares of the company's stock worth $105,000 after buying an additional 1,423 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

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Tyson Foods Stock Down 0.3 %

NYSE:TSN traded down $0.18 during trading hours on Thursday, reaching $59.96. 1,900,860 shares of the stock were exchanged, compared to its average volume of 2,519,774. The firm has a 50 day moving average of $58.01 and a 200 day moving average of $59.94. 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 has a market cap of $21.36 billion, a PE ratio of 20.26, a PEG ratio of 0.74 and a beta of 0.72. 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 released its earnings results 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 return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. Tyson Foods's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens increased their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Finally, Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average 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.