Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 28.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 76,751 shares of the company’s stock after selling 29,977 shares during the period. Truist Financial Corp’s holdings in Tyson Foods were worth $4,125,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TSN. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tyson Foods by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after buying an additional 7,921 shares in the last quarter. Check Capital Management Inc. CA purchased a new position in shares of Tyson Foods during the third quarter worth about $204,000. SG Americas Securities LLC increased its holdings in shares of Tyson Foods by 157.1% in the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after purchasing an additional 28,833 shares during the period. Rafferty Asset Management LLC raised its position in Tyson Foods by 11.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after buying an additional 2,129 shares during the last quarter. Finally, Markel Group Inc. lifted its position in Tyson Foods by 28.3% in the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after purchasing an additional 127,500 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TSN shares. The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Piper Sandler raised their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.20.

Tyson Foods Trading Down 5.7 %

Shares of NYSE TSN opened at $58.50 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.85 billion, a price-to-earnings ratio of -23.68, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04. The stock’s 50 day simple moving average is $57.80 and its 200 day simple moving average is $53.53.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

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.