Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,395,732 shares of the company's stock after selling 243,114 shares during the quarter. Wellington Management Group LLP owned about 2.92% of Tyson Foods worth $597,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Riverview Trust Co raised its holdings in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group increased its position 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 acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC lifted its position in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after acquiring an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods during the 4th quarter valued at $42,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

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Tyson Foods Stock Down 0.5 %

Shares of NYSE:TSN traded down $0.34 on Wednesday, reaching $62.77. The company had a trading volume of 1,527,781 shares, compared to its average volume of 2,298,311. The firm has a market capitalization of $22.36 billion, a PE ratio of 21.21, a PEG ratio of 0.74 and a beta of 0.72. 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 52-week low of $53.61 and a 52-week high of $66.88. The firm's 50 day simple moving average is $59.55 and its 200-day simple moving average is $59.64.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 3.19%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSN. Barclays lowered their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, 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 report on Tuesday, February 4th. Ten equities 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 stock presently has an average rating of "Hold" and a consensus target price of $61.10.

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.