Thrivent Financial for Lutherans Sells 79,061 Shares of Tyson Foods, Inc. (NYSE:TSN)

Thrivent Financial for Lutherans decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,427,869 shares of the company's stock after selling 79,061 shares during the quarter. Thrivent Financial for Lutherans owned 0.40% of Tyson Foods worth $82,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Riverview Trust Co grew its holdings in shares of 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 in the last quarter. Brooklyn Investment Group grew 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 buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods during the third quarter valued at $36,000. SRS Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after buying an additional 229 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research analyst reports. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Stephens boosted 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. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.10.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.04 during trading hours on Friday, hitting $60.46. 5,366,416 shares of the company's stock were exchanged, compared to its average volume of 2,150,973. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. 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 capitalization of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The company's 50-day moving average price is $58.55 and its 200-day moving average price is $59.74.

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

Tyson Foods Announces Dividend

The business also recently declared 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 dividend on an annualized basis 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 currently 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.