Nisa Investment Advisors LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,499 shares of the company’s stock after selling 11,625 shares during the period. Nisa Investment Advisors LLC’s holdings in Tyson Foods were worth $2,855,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Tyson Foods by 12.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,987 shares of the company’s stock valued at $2,475,000 after purchasing an additional 5,269 shares during the last quarter. Jeppson Wealth Management LLC raised its position in Tyson Foods by 3.2% in the third quarter. Jeppson Wealth Management LLC now owns 14,308 shares of the company’s stock valued at $723,000 after purchasing an additional 442 shares during the period. Trellis Wealth Advisors LLC acquired a new position in Tyson Foods during the third quarter worth $291,000. V Square Quantitative Management LLC lifted its stake in Tyson Foods by 19.7% during the third quarter. V Square Quantitative Management LLC now owns 10,641 shares of the company’s stock worth $538,000 after purchasing an additional 1,753 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Tyson Foods by 2.6% during the second quarter. QRG Capital Management Inc. now owns 120,407 shares of the company’s stock worth $6,893,000 after purchasing an additional 3,076 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TSN shares. Bank of America dropped their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. BMO Capital Markets lowered their target price on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, September 4th. HSBC dropped their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Piper Sandler cut their price target on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.78.
Tyson Foods Stock Performance
TSN opened at $56.72 on Friday. Tyson Foods, Inc. has a 1-year low of $49.96 and a 1-year high of $69.48. The stock has a market cap of $19.95 billion, a P/E ratio of 35.01, a P/E/G ratio of 0.94 and a beta of 0.40. The stock’s 50 day simple moving average is $53.80 and its 200 day simple moving average is $58.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55.
Tyson Foods (NYSE:TSN – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.49 EPS for the current fiscal year.
Tyson Foods Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. Tyson Foods’s dividend payout ratio is presently 125.93%.
Tyson Foods Profile
Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.
The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.
Founded in 1935 by John W.
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