Intech Investment Management LLC Sells 12,076 Shares of Tyson Foods, Inc. (NYSE:TSN)

Intech Investment Management LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 25.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,149 shares of the company’s stock after selling 12,076 shares during the period. Intech Investment Management LLC’s holdings in Tyson Foods were worth $2,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after buying an additional 4,662,332 shares during the last quarter. Wellington Management Group LLP increased its position in Tyson Foods by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after buying an additional 606,518 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after purchasing an additional 49,540 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after buying an additional 2,920,479 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TSN. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Piper Sandler upped their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. Bank of America dropped their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Citigroup upped their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Tyson Foods Trading Down 1.2 %

Shares of NYSE TSN traded down $0.70 during trading hours on Friday, reaching $59.73. The stock had a trading volume of 1,418,475 shares, compared to its average volume of 1,582,201. The business’s fifty day moving average price is $57.55 and its two-hundred day moving average price is $56.75. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of -33.56, a P/E/G ratio of 0.45 and a beta of 0.74. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. Analysts expect that Tyson Foods, Inc. will post 2.61 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

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.