Yacktman Asset Management LP Has $153.24 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,667,814 shares of the company's stock after selling 163,666 shares during the period. Tyson Foods comprises 1.8% of Yacktman Asset Management LP's portfolio, making the stock its 22nd largest position. Yacktman Asset Management LP owned 0.75% of Tyson Foods worth $153,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in Tyson Foods by 0.9% in 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 in the last quarter. Signaturefd LLC boosted its holdings in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company's stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after purchasing an additional 184 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock worth $2,908,000 after purchasing an additional 189 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Tyson Foods by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock valued at $593,000 after purchasing an additional 206 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.45 on Friday, hitting $57.13. The company's stock had a trading volume of 1,847,701 shares, compared to its average volume of 2,380,125. The company has a market capitalization of $20.35 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. The stock's 50-day moving average is $57.66 and its two-hundred day moving average is $60.17. Tyson Foods, Inc. has a 12 month low of $52.01 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSN. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Piper Sandler raised shares of 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. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.10.

Insider Activity at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Noel W. White sold 171,057 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 36,179 shares of the company's stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 381,531 shares of company stock worth $24,341,833 in the last quarter. 2.03% of the stock is owned by company insiders.

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.