Sumitomo Mitsui Trust Group Inc. Sells 15,772 Shares of Tyson Foods, Inc. $TSN

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 729,600 shares of the company’s stock after selling 15,772 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Tyson Foods worth $42,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Tyson Foods by 0.6% during the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after purchasing an additional 85,282 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 0.9% during the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares during the period. Davis Selected Advisers grew its holdings in Tyson Foods by 11.2% during the third quarter. Davis Selected Advisers now owns 9,962,127 shares of the company’s stock valued at $540,943,000 after purchasing an additional 1,005,661 shares during the period. AQR Capital Management LLC grew its holdings in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after purchasing an additional 1,720,009 shares during the period. Finally, Invesco Ltd. grew its holdings in Tyson Foods by 1.8% during the third quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock valued at $324,280,000 after purchasing an additional 107,884 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Tyson Foods stock opened at $63.30 on Thursday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The business has a fifty day moving average price of $63.09 and a 200-day moving average price of $58.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The firm has a market capitalization of $22.29 billion, a P/E ratio of 113.03, a PEG ratio of 1.41 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the previous year, the business earned $1.14 earnings per share. Tyson Foods’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSN. Piper Sandler raised Tyson Foods from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $75.00 in a report on Monday, April 6th. Mizuho assumed coverage on Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective for the company. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, BMO Capital Markets raised their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $66.45.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.