Van ECK Associates Corp Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Van ECK Associates Corp decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,105,460 shares of the company's stock after selling 70,933 shares during the period. Van ECK Associates Corp owned 0.31% of Tyson Foods worth $63,497,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after buying an additional 210 shares during the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the 3rd quarter valued at approximately $36,000. ST Germain D J Co. Inc. acquired a new stake in Tyson Foods in the 4th quarter valued at approximately $42,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Tyson Foods in the 4th quarter valued at approximately $53,000. Institutional investors own 67.00% of the company's stock.

Insider Activity

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.03% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded down $0.47 during trading on Monday, reaching $57.10. 3,151,524 shares of the company's stock were exchanged, compared to its average volume of 2,324,631. Tyson Foods, Inc. has a 1-year low of $52.01 and a 1-year high of $66.88. The firm's 50-day moving average price is $57.55 and its 200 day moving average price is $60.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. The company has a market cap of $20.34 billion, a P/E ratio of 19.29, a PEG ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.50%. Tyson Foods's payout ratio is 67.57%.

Analyst Ratings Changes

Several research firms have weighed in on TSN. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. BMO Capital Markets boosted 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. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. 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, the company presently has an average rating of "Hold" and a consensus price target of $61.10.

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.