Ferguson Wellman Capital Management Inc. Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

Ferguson Wellman Capital Management Inc. lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,905 shares of the company’s stock after selling 231 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Tyson Foods were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Tyson Foods by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. State Street Corp increased its holdings in shares of Tyson Foods by 1.8% in the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock worth $1,304,785,000 after purchasing an additional 264,159 shares during the period. Wellington Management Group LLP raised its position in shares of Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after buying an additional 200,586 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Tyson Foods by 97.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after buying an additional 4,669,457 shares in the last quarter. Finally, FMR LLC increased its stake in Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after acquiring an additional 1,034,915 shares during the last quarter. 63.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, Citigroup started coverage on Tyson Foods in a report on Thursday, February 1st. They issued a “neutral” rating and a $56.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.60.

Check Out Our Latest Analysis on Tyson Foods

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $58.07 on Friday. The stock has a market capitalization of $20.69 billion, a P/E ratio of -23.51, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The business’s 50 day simple moving average is $54.32 and its two-hundred day simple moving average is $51.45.

Tyson Foods (NYSE:TSNGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Analysts forecast that Tyson Foods, Inc. will post 2.35 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.38%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.05% of the stock is owned by corporate insiders.

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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