Yacktman Asset Management LP Has $153.24 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,667,814 shares of the company’s stock after selling 163,666 shares during the period. Tyson Foods accounts for approximately 1.8% of Yacktman Asset Management LP’s holdings, making the stock its 22nd largest holding. Yacktman Asset Management LP’s holdings in Tyson Foods were worth $153,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Crossmark Global Holdings Inc. boosted its position in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after acquiring an additional 184 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Tyson Foods by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares in the last quarter. Finally, Empirical Finance LLC raised its position in Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $57.69 on Tuesday. The firm has a market cap of $20.55 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $58.14 and a 200-day moving average price of $60.24. Tyson Foods, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88.

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

Tyson Foods Dividend Announcement

The business 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. This represents a $2.00 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Insiders Place Their Bets

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Stephens increased 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. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.