Tyson Foods, Inc. $TSN Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 86.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,979 shares of the company’s stock after selling 18,418 shares during the period. Thompson Investment Management Inc.’s holdings in Tyson Foods were worth $175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at $28,000. Wilmington Savings Fund Society FSB lifted its stake in Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after acquiring an additional 322 shares in the last quarter. Caldwell Trust Co acquired a new position in Tyson Foods during the 3rd quarter worth about $38,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Barclays raised their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Finally, Piper Sandler increased their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.75.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $63.89 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 114.09, a price-to-earnings-growth ratio of 1.40 and a beta of 0.47. The stock’s 50-day moving average is $62.79 and its two-hundred day moving average is $57.97. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.