Tyson Foods, Inc. (NYSE:TSN) Holdings Decreased by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,653 shares of the company’s stock after selling 3,279 shares during the period. Corebridge Financial Inc.’s holdings in Tyson Foods were worth $3,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Barclays PLC boosted its stake in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth $22,059,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $62.36 on Monday. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $59.11 and its 200-day simple moving average is $59.59.

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. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Analysts Set New Price Targets

TSN has been the topic of several research reports. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, HSBC upgraded Tyson Foods from a “reduce” 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. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target 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.