Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,967 shares of the company’s stock after selling 1,629 shares during the quarter. Thompson Investment Management Inc.’s holdings in Tyson Foods were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its holdings in Tyson Foods by 6.8% in the 3rd quarter. Czech National Bank now owns 58,224 shares of the company’s stock valued at $3,468,000 after buying an additional 3,717 shares during the period. Mather Group LLC. lifted its position in Tyson Foods by 46.5% during the 3rd quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock worth $137,000 after acquiring an additional 730 shares in the last quarter. CWM LLC lifted its position in Tyson Foods by 11.5% during the 3rd quarter. CWM LLC now owns 6,115 shares of the company’s stock worth $364,000 after acquiring an additional 630 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Tyson Foods by 30.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 7,167 shares of the company’s stock worth $427,000 after acquiring an additional 1,656 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its position in shares of Tyson Foods by 11.8% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 167,827 shares of the company’s stock valued at $9,996,000 after purchasing an additional 17,651 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other news, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last 90 days. 2.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup cut their target price 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. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Bank of America dropped their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. 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 stock currently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Trading Up 1.0 %

NYSE:TSN opened at $57.97 on Friday. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.72 and a beta of 0.80. The business has a fifty day moving average of $58.14 and a 200-day moving average of $60.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.45%. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.