Allspring Global Investments Holdings LLC Sells 138,024 Shares of Tyson Foods, Inc. (NYSE:TSN)

Allspring Global Investments Holdings LLC lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 42.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 190,060 shares of the company’s stock after selling 138,024 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of Tyson Foods worth $11,995,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Tyson Foods by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,780 shares of the company’s stock worth $1,982,000 after buying an additional 4,510 shares in the last quarter. Money Concepts Capital Corp grew its position in shares of Tyson Foods by 16.0% during the first quarter. Money Concepts Capital Corp now owns 18,658 shares of the company’s stock valued at $1,191,000 after purchasing an additional 2,574 shares in the last quarter. Achmea Investment Management B.V. grew its position in shares of Tyson Foods by 24.2% during the first quarter. Achmea Investment Management B.V. now owns 76,332 shares of the company’s stock valued at $4,871,000 after purchasing an additional 14,857 shares in the last quarter. Philip James Wealth Mangement LLC purchased a new position in shares of Tyson Foods during the first quarter valued at about $215,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Tyson Foods during the first quarter valued at about $5,096,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TSN shares. Stephens cut their price objective on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $63.11.

Tyson Foods Price Performance

NYSE TSN opened at $56.93 on Friday. The firm’s fifty day simple moving average is $56.21 and its two-hundred day simple moving average is $58.02. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $54.01 and a 12-month high of $66.88. The firm has a market capitalization of $20.28 billion, a P/E ratio of 22.15, a P/E/G ratio of 0.75 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 77.82%.

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.