National Pension Service Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

National Pension Service decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 629,663 shares of the company’s stock after selling 13,819 shares during the period. National Pension Service’s holdings in Tyson Foods were worth $36,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its position 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 valued at $34,000 after buying an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods during the 3rd quarter valued at approximately $36,000. ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the 4th quarter valued at approximately $42,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Tyson Foods during the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.6 %

Shares of TSN opened at $61.35 on Friday. Tyson Foods, Inc. has a 52-week low of $52.11 and a 52-week high of $66.88. The company has a market capitalization of $21.85 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The stock has a fifty day simple moving average of $57.43 and a two-hundred day simple moving average of $60.04. 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 (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.10.

About Tyson Foods

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.