Tyson Foods, Inc. (NYSE:TSN) Shares Sold by ING Groep NV

ING Groep NV cut its position in Tyson Foods, Inc. (NYSE:TSN) by 84.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,978 shares of the company’s stock after selling 165,613 shares during the period. ING Groep NV’s holdings in Tyson Foods were worth $1,779,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its stake in Tyson Foods by 18.2% during the 3rd quarter. Raymond James & Associates now owns 210,673 shares of the company’s stock valued at $12,548,000 after acquiring an additional 32,507 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Tyson Foods during the third quarter valued at $403,000. Signaturefd LLC boosted its holdings in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. International Assets Investment Management LLC grew its position in Tyson Foods by 4,586.1% during the 3rd quarter. International Assets Investment Management LLC now owns 65,933 shares of the company’s stock worth $3,927,000 after purchasing an additional 64,526 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Tyson Foods by 28.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock valued at $1,156,000 after buying an additional 4,280 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 2.2 %

Shares of NYSE TSN opened at $60.43 on Monday. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The company’s 50-day simple moving average is $57.22 and its 200-day simple moving average is $60.03. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $52.11 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the previous year, the firm posted $0.69 EPS. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

Several analysts recently commented on TSN shares. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Finally, UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Company 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.