Poplar Forest Capital LLC Reduces Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Poplar Forest Capital LLC reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 560,129 shares of the company’s stock after selling 127,343 shares during the quarter. Tyson Foods accounts for about 4.4% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Poplar Forest Capital LLC owned 0.16% of Tyson Foods worth $30,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Massmutual Trust Co. FSB ADV increased its position in shares of Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Tyson Foods by 26.1% in the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after purchasing an additional 245 shares in the last quarter. Caprock Group LLC raised its stake in shares of Tyson Foods by 2.7% in the third quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock worth $470,000 after purchasing an additional 248 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 3.7% during the third quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock valued at $353,000 after purchasing an additional 250 shares in the last quarter. Finally, White Knight Strategic Wealth Advisors LLC boosted its position in shares of Tyson Foods by 5.2% during the third quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock valued at $255,000 after buying an additional 250 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE TSN traded up $0.34 on Wednesday, reaching $61.32. 1,205,811 shares of the stock were exchanged, compared to its average volume of 2,811,518. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The firm has a market capitalization of $21.85 billion, a PE ratio of -24.83, a PEG ratio of 0.48 and a beta of 0.77. The company’s 50-day simple moving average is $56.65 and its two-hundred day simple moving average is $52.74.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. Analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is -79.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Stephens reissued an “overweight” rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. Citigroup lifted their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler increased their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $58.80.

Insider Buying and Selling

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 stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.

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.