Huntington National Bank Has $181,000 Stake in Tyson Foods, Inc. (NYSE:TSN)

Huntington National Bank lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 19.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,580 shares of the company’s stock after selling 852 shares during the quarter. Huntington National Bank’s holdings in Tyson Foods were worth $181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TSN. State Board of Administration of Florida Retirement System lifted its position in Tyson Foods by 13.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 404,444 shares of the company’s stock worth $20,420,000 after acquiring an additional 46,928 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $774,000. Vanguard Personalized Indexing Management LLC boosted its stake in Tyson Foods by 6.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,194 shares of the company’s stock valued at $919,000 after purchasing an additional 1,025 shares during the period. Van ECK Associates Corp grew its holdings in Tyson Foods by 5.4% in the 3rd quarter. Van ECK Associates Corp now owns 779,022 shares of the company’s stock valued at $39,333,000 after buying an additional 39,910 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Tyson Foods by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock worth $333,152,000 after buying an additional 223,447 shares during the period. Institutional investors own 63.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Piper Sandler boosted their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Citigroup assumed coverage on Tyson Foods in a research report on Thursday, February 1st. They set a “neutral” rating and a $56.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.60.

Check Out Our Latest Research Report on TSN

Tyson Foods Trading Down 2.6 %

Shares of TSN opened at $52.58 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $63.49. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of -21.29, a PEG ratio of 0.42 and a beta of 0.77. The business’s fifty day moving average is $53.40 and its 200-day moving average is $51.50.

Tyson Foods (NYSE:TSNGet Free Report) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 2.34 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.73%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insiders Place Their Bets

In other news, Chairman John H. Tyson sold 133,277 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $46.16, for a total value of $6,152,066.32. Following the completion of the transaction, the chairman now directly owns 2,739,150 shares in the company, valued at approximately $126,439,164. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Tyson Foods Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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