QRG Capital Management Inc. Has $5.22 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

QRG Capital Management Inc. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 87,696 shares of the company’s stock after selling 5,166 shares during the period. QRG Capital Management Inc.’s holdings in Tyson Foods were worth $5,223,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods in the 2nd quarter worth approximately $54,000. Northwest Investment Counselors LLC bought a new position in shares of Tyson Foods during the 3rd quarter worth approximately $59,000. SYSTM Wealth Solutions LLC boosted its stake in Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after buying an additional 1,018 shares in the last quarter. Finally, First Community Trust NA grew its position in Tyson Foods by 58.0% in the second quarter. First Community Trust NA now owns 1,106 shares of the company’s stock valued at $63,000 after acquiring an additional 406 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $59.26 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $60.64 and a 200 day simple moving average of $59.71. Tyson Foods, Inc. has a fifty-two week low of $45.13 and a fifty-two week high of $66.88. The firm has a market cap of $21.09 billion, a P/E ratio of -987.67, a P/E/G ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same period last year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. Tyson Foods’s payout ratio is -3,266.67%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSN. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.22.

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.