Wellington Management Group LLP Sells 243,114 Shares of Tyson Foods, Inc. (NYSE:TSN)

Wellington Management Group LLP lessened its position in Tyson Foods, Inc. (NYSE:TSN) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,395,732 shares of the company’s stock after selling 243,114 shares during the period. Wellington Management Group LLP’s holdings in Tyson Foods were worth $597,131,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Riverview Trust Co grew its holdings in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group boosted its stake in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC raised its stake in Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

TSN opened at $63.88 on Tuesday. The firm has a market cap of $22.75 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business’s fifty day moving average is $59.28 and its 200-day moving average is $59.60. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research analyst reports. Stephens increased 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 report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.