Pzena Investment Management LLC Sells 551,479 Shares of Tyson Foods, Inc. (NYSE:TSN)

Pzena Investment Management LLC reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,992,302 shares of the company's stock after selling 551,479 shares during the quarter. Tyson Foods accounts for 2.4% of Pzena Investment Management LLC's portfolio, making the stock its 19th biggest holding. Pzena Investment Management LLC owned about 3.37% of Tyson Foods worth $688,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its holdings in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock valued at $1,160,000 after purchasing an additional 172 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after acquiring an additional 184 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock valued at $2,908,000 after acquiring an additional 189 shares during the last quarter. Naples Global Advisors LLC increased its position in Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after acquiring an additional 202 shares during the last quarter. Finally, Empirical Finance LLC increased its position in Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock valued at $593,000 after acquiring an additional 206 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. 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 research report on Tuesday, February 4th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens upped 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. Finally, BMO Capital Markets upped their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average target price of $61.10.

Tyson Foods Price Performance

Shares of NYSE TSN traded down $0.96 during mid-day trading on Wednesday, reaching $60.36. The company's stock had a trading volume of 1,386,827 shares, compared to its average volume of 2,500,020. The firm has a market capitalization of $21.50 billion, a PE ratio of 20.38, a P/E/G ratio of 0.74 and a beta of 0.72. 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 fifty day moving average of $57.92 and a two-hundred day moving average of $59.94. 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 released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during 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 business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

About Tyson Foods

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.