Robeco Institutional Asset Management B.V. Sells 113,679 Shares of Tyson Foods, Inc. (NYSE:TSN)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,148 shares of the company’s stock after selling 113,679 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tyson Foods were worth $17,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Pzena Investment Management LLC raised its holdings in Tyson Foods by 0.4% during the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after acquiring an additional 54,217 shares during the period. Geode Capital Management LLC raised its holdings in Tyson Foods by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after purchasing an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Tyson Foods by 6.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock valued at $69,442,000 after purchasing an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 0.4 %

TSN opened at $56.54 on Friday. The firm has a market cap of $20.12 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.85 and a beta of 0.81. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $58.96 and a 200 day moving average of $60.32.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s payout ratio is 88.89%.

Insider Buying and Selling at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. Company insiders own 2.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Piper Sandler raised their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Finally, Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.80.

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.