Truist Financial Corp Sells 4,699 Shares of Tyson Foods, Inc. (NYSE:TSN)

Truist Financial Corp cut its position in Tyson Foods, Inc. (NYSE:TSN) by 7.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 57,453 shares of the company’s stock after selling 4,699 shares during the period. Truist Financial Corp’s holdings in Tyson Foods were worth $3,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Brooklyn Investment Group boosted its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Catalyst Capital Advisors LLC boosted its position in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the third quarter worth $36,000. ST Germain D J Co. Inc. bought a new position in Tyson Foods during the fourth quarter worth $42,000. Finally, Fiduciary Advisors Inc. bought a new position in Tyson Foods during the fourth quarter worth $53,000. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TSN. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays dropped their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Up 0.5 %

Shares of TSN opened at $60.78 on Tuesday. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The firm’s 50 day moving average is $57.24 and its 200-day moving average is $60.02. The stock has a market capitalization of $21.65 billion, a PE ratio of 20.53, a P/E/G ratio of 0.74 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

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 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.