Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Decreased by tru Independence LLC

tru Independence LLC decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,370 shares of the company’s stock after selling 852 shares during the period. tru Independence LLC’s holdings in Tyson Foods were worth $3,780,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tyson Foods by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after acquiring an additional 7,921 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 8.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock worth $316,465,000 after purchasing an additional 446,904 shares during the period. Eisler Capital UK Ltd. bought a new stake in Tyson Foods during the fourth quarter valued at $1,399,000. SG Americas Securities LLC raised its holdings in shares of Tyson Foods by 157.1% during the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock worth $2,536,000 after purchasing an additional 28,833 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in shares of Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after buying an additional 1,465,139 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN stock traded down $0.01 during trading on Tuesday, hitting $57.35. The company had a trading volume of 287,577 shares, compared to its average volume of 2,730,644. The business has a 50 day moving average of $58.37 and a 200 day moving average of $56.25. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of -32.22, a P/E/G ratio of 0.41 and a beta of 0.74. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. During the same period last year, the firm posted ($0.04) earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 2.58 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.42%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSN shares. HSBC increased their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday, May 7th. Piper Sandler boosted their price objective on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group increased their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.22.

About Tyson Foods

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.