Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,831,480 shares of the company’s stock after selling 222,012 shares during the quarter. Tyson Foods comprises approximately 1.7% of Yacktman Asset Management LP’s portfolio, making the stock its 26th largest holding. Yacktman Asset Management LP owned about 0.80% of Tyson Foods worth $168,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Tyson Foods during the second quarter worth about $54,000. Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the 3rd quarter worth approximately $59,000. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $58.32 on Tuesday. The business’s 50-day moving average is $60.73 and its two-hundred day moving average is $59.71. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

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

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -3,266.67%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TSN shares. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Finally, Stephens began coverage on Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Profile

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.