Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 320,984 shares of the company’s stock after selling 101,765 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tyson Foods were worth $18,437,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Essential Planning LLC. bought a new stake in Tyson Foods in the fourth quarter worth about $1,264,000. Great Lakes Advisors LLC raised its position in Tyson Foods by 4.0% in the fourth quarter. Great Lakes Advisors LLC now owns 827,813 shares of the company’s stock worth $47,550,000 after acquiring an additional 31,829 shares in the last quarter. Farther Finance Advisors LLC raised its position in Tyson Foods by 134.9% in the fourth quarter. Farther Finance Advisors LLC now owns 9,905 shares of the company’s stock worth $569,000 after acquiring an additional 5,688 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after acquiring an additional 173 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Tyson Foods by 35.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 9,150 shares of the company’s stock worth $526,000 after acquiring an additional 2,389 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

Shares of TSN opened at $59.96 on Friday. The company has a market capitalization of $21.36 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 0.74 and a beta of 0.72. 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. The business’s 50-day moving average is $58.01 and its 200-day moving average is $59.94.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. Tyson Foods’s payout ratio is 67.57%.

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.