Metropolitan Life Insurance Co NY lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,047 shares of the company’s stock after selling 15,497 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Tyson Foods were worth $1,618,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TSN. Manchester Capital Management LLC boosted its position in Tyson Foods by 10.2% in the fourth quarter. Manchester Capital Management LLC now owns 1,127 shares of the company’s stock worth $98,000 after purchasing an additional 104 shares during the last quarter. Camden Capital LLC grew its position in shares of Tyson Foods by 3.0% during the 4th quarter. Camden Capital LLC now owns 3,830 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares during the period. Advocacy Wealth Management Services LLC raised its holdings in Tyson Foods by 34.7% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 435 shares of the company’s stock worth $40,000 after purchasing an additional 112 shares during the period. Unison Advisors LLC grew its holdings in Tyson Foods by 0.5% during the first quarter. Unison Advisors LLC now owns 23,696 shares of the company’s stock valued at $2,124,000 after purchasing an additional 123 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Tyson Foods by 1.0% in the first quarter. CENTRAL TRUST Co now owns 15,208 shares of the company’s stock worth $1,363,000 after buying an additional 145 shares during the period. Institutional investors own 68.55% of the company’s stock.
Tyson Foods Stock Performance
Shares of NYSE:TSN opened at $74.62 on Friday. The firm has a fifty day simple moving average of $83.07 and a two-hundred day simple moving average of $87.67. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $26.84 billion, a P/E ratio of 6.70 and a beta of 0.66. Tyson Foods, Inc. has a 52 week low of $73.92 and a 52 week high of $100.72.
Tyson Foods Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.84 annualized dividend and a yield of 2.47%. Tyson Foods’s dividend payout ratio (DPR) is presently 16.53%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on TSN. StockNews.com downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. Sanford C. Bernstein cut their price target on Tyson Foods to $101.00 in a research note on Monday, August 15th. Stephens cut their target price on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price target for the company in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Barclays reduced their price objective on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $93.13.
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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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