Tyson Foods, Inc. (NYSE:TSN) Position Decreased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,557 shares of the company’s stock after selling 6,251 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Tyson Foods were worth $15,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSN. Norges Bank bought a new position in shares of Tyson Foods in the fourth quarter valued at $175,086,000. State Street Corp raised its position in shares of Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after purchasing an additional 551,530 shares during the last quarter. Barclays PLC boosted its position in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after purchasing an additional 427,582 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.0 %

TSN opened at $62.36 on Monday. The company has a market capitalization of $22.21 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business has a 50-day moving average of $59.11 and a 200-day moving average of $59.59. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

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

Tyson Foods Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Analysts Set New Price Targets

TSN has been the subject of a number of analyst reports. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup dropped their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.10.

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.