Yacktman Asset Management LP Trims Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,022,422 shares of the company’s stock after selling 31,981 shares during the quarter. Tyson Foods accounts for 1.5% of Yacktman Asset Management LP’s portfolio, making the stock its 25th largest position. Yacktman Asset Management LP owned approximately 0.85% of Tyson Foods worth $162,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSN. Wellington Management Group LLP boosted its holdings in Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after purchasing an additional 200,586 shares during the last quarter. FMR LLC raised its stake in shares of Tyson Foods by 16.1% during the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after buying an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Tyson Foods by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock valued at $333,152,000 after purchasing an additional 223,447 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Tyson Foods during the third quarter valued at approximately $274,707,000. Finally, Northern Trust Corp boosted its stake in shares of Tyson Foods by 2.6% in the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after acquiring an additional 134,778 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TSN. Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. 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 report on Friday, January 26th. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $58.80.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.05% of the stock is owned by company insiders.

Tyson Foods Stock Performance

Shares of TSN remained flat at $60.89 during midday trading on Friday. The stock had a trading volume of 675,695 shares, compared to its average volume of 2,767,910. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The company has a 50-day moving average price of $56.82 and a 200-day moving average price of $52.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts predict that Tyson Foods, Inc. will post 2.33 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 14th. Investors of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is -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.